Power demand falls, but installed solar capacity up

Solar powerinstallations in the country have reached 8,643MW, driven by four states crossing the 1gw solar installation mark on the back of the Modi government constantly pushing renewable energy as part of its climate management policy.

Some 500MW solar capacity was added in a month through September, indicating solar installations continue to grow in spite of a slowdown in power demand, declining capacity utilisation of thermal projects and availability of cheaper power on the electricity exchanges.

Green energy market tracker Mercom Capital has projected a total capacity of 4.8GW for calendar year 2016. Installations have already reached a capacity of 3.8GW. Read more….