Solar power capacity touches 4,000 Mw, Rajasthan races ahead of Gujarat

India’s installed capacity crossed 4000 Mw withtaking the lead with close to 1128 Mw of projects. It has elbowed from the top slot for the first time which has 957 Mw of solar projects. Following closely are Madhya Pradesh, Maharashtra and Tamil Nadu.

Apart from regular solar power rich states, new ones such as Uttar Pradesh, Punjab and newly formed Telangana have joined the solar bandwagon.

From here on and until December, an additional 1.7 Gw is likely to be added, said a study by Bridge to India, a leading consultancy firm monitoring foreign investment in Indian renewable energy space. The report said with 2.7 Gw of expected capacity addition in 2015, India will likely surpass Germany and secure a position in the global top five for new yearly capacity addition.

“Solar fundamentals are so compelling in India that the sector is bound to grow dramatically with India likely to become one of the largest solar markets in the world in the next 3 years. India is already on track to add more solar capacity than Germany in 2015 and enter the top five solar markets globally,” said Jasmeet Khurana, Senior Manager- Consulting at Bridge to India.

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