India needs to install 30 GW solar capacity annually to meet target: Mercom
India will require to add 30 gigawatt (GW) of solar energy capacity annually to meet the 280 GW solar capacity installation target by 2030, according to US-based Mercom Capital.
Sharing his outlook, Mercom Capital CEO Raj Prabhu said, “The outlook is very positive on the back of various steps taken by the government to help and support the domestic renewable energy sector”.
The government launched production-linked incentive programmes, renewable manufacturing zones and a few other initiatives to make India Atmanirbhar in this area. However, policy certainty and timely implementation of these programmes are critical for achieving the government’s goal of self-reliance in renewable energy, he noted.
