The Rising Market of Solar Power Systems in India

After three years of constant growth, India is looking now for the significant change in the use of clean technologies to run many industries.

As different solar programs are announced in the market with great efforts, Solar Home Power Systems are gaining popularity. According to Mercom Capital Group, Solar installations in India reach about 800 MW, which is less in comparison to that of 1004 MW in 2013.

In the year 2015, it is expected that major portion of the commission is going to come from 700 MW Batch I Phase II project.

The impending solar lighting system in India is not limited to big scale projects, but they are also directed towards small-scale solutions like solar lanterns and community level power plants.

The Solar Home Power System is believed to rise by 60% yearly; therefore it will reach the market size of about $250 million in the upcoming years. The number of solar home power systems will double by 7.2 million in the coming years.

Recently a draft for Batch 2 is released, launching about 300 MW of PV projects by Ministry of New and Renewable Energy (MNRE). Along with this, they are also planning to release 200 MW of PV projects that are grid connected under Batch 3 of NSM Phase II.

On the solar side, Solar Lighting System in India is expected to rise by 103 GW from 2016 to 2025. This is going to be achieved for sure because of the growing need of country. Due to the growing need, many new technologies are coming in the way like supercritical technology.

Till 2014, coal was the leading source of power generation in India with about 160 GW. It was about 59% of the installed capacity; however it is expected to double almost by 2025. Therefore, it is in great need to switch to the clean green source of energy.