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  Indian solar growth Introduction Indian renewable energy sector is the fourth most attractive renewable energy market in the world. India is ranked fourth in wind power, fifth in solar power and fifth in renewable power installed capacity as of 2018. Market Size As of August 31, 2020, installed renewable energy capacity stood at 88.79 GW, of which solar and wind comprised 35.73 GW and 37.99 GW, respectively. Biomass and small hydro power constituted 10.14 GW and 4.73 GW, respectively. Investments/ Developments According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow in the Indian non-conventional energy sector stood at US$ 9.22 billion between April 2000 and March 2020. Government initiatives Some initiatives by Government of India to boost India’s renewable energy sector are as follows: In August 2020, the government announced plans to offer land near its ports to companies for building solar equipment factories. India plans t...

  The solar industry in India   T he country's solar industry is showing signs of recovery with increased activity compared to the previous quarter while 2020  worst years for solar in India as COVID-19 took a heavy toll on the industry,  the industry still has a long way to go. However, the market is almost back on its feet, and the mood is upbeat as the industry heads to 2021 - one of the best years foretasted for the sector," said Raj Prabhu, CEO of Mercom Capital Group. India,  the third-largest solar market in the world, India has witnessed a dip in terms of capacity addition, which fell from 9.6 gigawatt (GW) in 2017 to 8.3 GW in 2018, indicating a slowdown of 16 per cent.  Gradually India is becoming a favorite investment destination for both local and global players. Today  Indian economy has the second-fastest rate of increase in GDP in the world - 7.1%. The country accounts  for one thirds of the world's population without access to...

  one kilowatt of solar system costs less than a premium mobile phone   "We are encouraging rooftop solar, because, the its opportunities to creates jobs, when compared with utility scale solar.  whole eco-system of suppliers, manufacturers of modules, structures, inverters and more have adapted to the business opportunity." - says Expert at Institute of Solar Technology.  Solar Adoption Experience For Consumers  - Solar is not only environmentally responsible, but the investment too breaks-even within 3 to 4 years. The system yields high returns on investment and is commercially viable. with the help of net-metering, the power supply is uninterrupted which in turn reduces the cost of the overall system in the longer run. one kilowatt of solar system costs less than a premium mobile phone and in addition, it’s an investment into green energy and the saving in electricity bill continues for 25 years. Many companies offering to end consumers include both loans wit...