India to add 34 GW of solar through 2023

Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.

From pv magazine India.

Solar consultancy Bridge to India has stated high costs mean large scale energy storage may be at least three years away from entering the mainstream Indian market to any significant extent.

That pessimistic prediction was among the findings of the consultancy’s India Renewables Outlook 2024 report, which forecasts the nation could host 74-97 GW of solar generation capacity by 2025, with 82 GW the base case figure suggested.

For the full story, please visit our pv magazine India website.

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