The solar market in India has been growing steadily. The influx of new and efficient technology will lead to further development. The total targeted generation is pegged at 20 GW by 2020.
India has optimal areas for solar energy growth which primarily refers to large expanses of desert and barren land receiving minimal rainfall. States being targeted in India include Rajasthan, Andhra Pradesh, Maharashtra, Madhya Pradesh and Karnataka. Andhra Pradesh is at the forefront with major investments both in solar farms and solar cell fabrication and manufacturing facilities.
Many new players are foraying into the market. The most recent player in the market is Moser Baer Photovoltaic. The company plans on investing USD 5 bn over the next 10 years towards expanding solar photovoltaic manufacturing facilities in Chennai and Hyderabad.
Netscribes’ report on Solar Power – India
