September 24, 2012

India solar potential 12.5 GW by 2017 with right policies




A new KPMG report says that India's national and state governments have to play a greater and more reliable role in promoting solar power. It concludes that the cumulative solar PV power market potential is likely to be around 12.5 GW by 2016-17.

While India’s solar capacity has grown from less than 20 MW to more than a gigawatt in the last two years, helped by the Jawaharlal Nehru National Solar Mission, the country is facing a power deficit of 9 percent and in many states, industries are facing up to 50 percent power cuts.