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India Soon To Dominate The Global Solar Energy Market | gurgaon ,delhi , noida , ncr

When it comes to solar energy generation, India is fast catching up. Three Asian countries, India, China and Japan, are expected to dominate the global solar market in the years to come.

China might add over 14 gw of energy this year and should overtake Germany in terms of cumulative installed capacity by the end of 2015. India is steadily moving up from the tenth to fifth position globally for new capacity additions.

 

ADLER Solar
If it’s a solar panel installation you’re looking for, call us for
a free survey. Commercial or Residential.
Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in
Web : http://www.adlergroup.in

 India’s recent announcement of adding 100 gw solar capacity by 2022 has created strong ripples in the global solar industry. While it seems like a stiff target, it is not an impossible one. India can emerge as a significant global player, meeting its targets, if it can successfully use alternative and innovative financing options like crowd funding, community funding, green bonds and so on.

Cumulative installed capacity for solar projects in the country now stands at over 4.1 gw. In the last three years, India has added an average capacity of 1 gw every year. This year, over 1 gw of new capacity has already been commissioned within the first four months of the year alone. And almost 3 gw additional capacity may be added by the end of the year.

India will be one of the most exciting markets globally this year and the long-term potential is enormous. In spite of remaining challenges, the outlook for the solar sector in India is very positive. It is driven by powerful underlying fundamentals such as the rising cost of conventional power, environmental concerns, falling cost of solar power, high solar irradiation, a high power deficit and the ability of solar to quickly bring power generation capacity online. These fundamentals coupled with several state and central government initiatives should result in India becoming a very important global market.

 

ADLER Solar
If it’s a solar panel installation you’re looking for, call us for
a free survey. Commercial or Residential.
Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in
Web : http://www.adlergroup.in



From the current 3.3 gw capacity to the tough target of 100 gw in 2022, India’s solar sector would need Rs 6 lakh crore. Out of this, Rs 4.5 lakh crore would be needed in the form of debt. However, India’s banking sector, the chief source of debt in India, is already inflicted with high NPAs, primarily due to the infrastructure and power (conventional sources) sector funding. That limits their appetite to fund relatively risky solar sector projects, whereas low interest rates and longer tenure loans are the key to achieve such humongous leap in seven years.

 

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