Blessed with over 300 days of clear sunny weather in a year, we have one of the best conditions for Solar energy. India can potentially produce 750 GW of Solar Power.
As of 31st July 2018, India has an installed solar capacity of 23 GW with 31 GW under implementation. The Government has planned to bid out the balance capacity of 44 GW by March 2020, providing a two-year window for the installation of Solar projects by 2022 as per the target.
Some major schemes implemented by the Ministry of New and Renewable Energy include - Solar Parks, Solar Rooftop, CPSU Scheme, Canal Top & Canal Bank Scheme, Viable Gap funding (VGF) Scheme, bundling renewable Energy with thermal power, manufacturing linked Solar Power Plants, e-reverse auction bidding, Hybrid Solar with Wind (with or without storage), Greening of Islands, Green Energy Corridors, Floating Solar etc.
While Grid Connected Solar system remains our focus, there is an adequate need for recognition of decentralized Off Grid Solar Schemes like Agriculture Solar Pumps, Solar Street Lights, Solar study lamps, small Solar Power Plants, Solar Home light Systems and Concentrated Solar Thermal (CST) Scheme as well.
India seeks collaboration and cooperation from various Research and Development (R&D) institutions, leading technology providers, financial institutions, developers & various organisations active in the renewable sector for the development of Solar Sector in India.