India has commissioned 1.3 GW of photovoltaic (PV) capacity from April through July, the Press Trust of India (PTI) said Thursday, citing a government official.
New & Renewable Energy Minister, Piyush Goyal, was quoted as saying that the country’s installed solar power capacity has reached 8 GW as of the end of last month. The PV plants that were put into operation in the four months since the start of fiscal year 2016/17 were set up by a large number of private companies and government-owned entities.
In comparison, India switched on a total of 3 GW of solar parks in fiscal 2015/16 and 1.11 GW in the previous year. This aligns with an ongoing decline in PV module prices, details on which can be found in the table below:
||PV module cost per MW (benchmark)
||INR 32.8 million
||INR 33.2 million
||INR 36.5 million
Earlier this week, Goyal unveiled that 20,766 MW of solar project tenders have been issued in the country so far. Of these 8,482 MW have been awarded power purchase agreements (PPAs), 3,392 MW have been issued letter of intents (LoIs).
By the end of this fiscal year, India hopes to plug in 12 GW of PV capacity in total. All in all, the country aims to hit 100 GW by 2022.
(INR 10 = USD 0.149/EUR 0.135)
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