18.01.2016 - Markets
India close to reach its solar target for fiscal year 2015-16, hits 5 GW milestone
India had 5,129.8 MW of installed grid-connected solar capacity as of Jan. 14, 2016, according to the latest data from India’s Ministry of New and Renewable Energy (MNRE). At the end of March 2015, the country had PV systems totaling 3,752 connected to its electricity system. This means that PV installations with a combined capacity of 1,377 MW were installed in the country in the first nine months of fiscal year 2015-16, which started on Apr. 1, 2015. The country solar target for this fiscal year is of 1.4 GW.
India installed 1,127 MW in fiscal year 2014-2015 and 947.4 MW in fiscal 2013-2014.
In mid-January, the India states with the largest solar capacity were Rajasthan (1,264 MW), Gujarat (1,024 MW), Madhya Pradesh (678 MW), Tamil Nadu (418 MW) Maharashtra (378 MW), Andhra Pradesh (357 MW), Telangana (342 MW), Punjab (200 MW), Uttar Pradesh (140 MW) and Karnataka (104 MW).
India recently increased its 2022 solar target to 100 GW.
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