India's National Action Plan on Climate Change, first announced last year, includes plans to install up to 200 GW of solar generation capacity by 2050. The first 20 GW of solar capacity is planned to be installed by 2020.
In the first phase of the plan extending through 2012, the government plans to deploy 100 MW of solar cells on public sector buildings, promote utility-scale photovoltaic projects and set up local solar manufacturing parks.
The plan envisions 1 GW installed solar generation capacity by 2012, up from almost nothing in 2008, according to a research note from Barclays Capital.
The government aims to spend an estimated Rs.97,973.88 crore (US$20 billion) over the next 30 years on the plan. About Rs.4,899 crore ($1 billion) will be spent in the next five years.
As part of the plan, India intends to set up two or three solar manufacturing parks consisting of polysilicon manufacturing plants to make solar cells capable of generating up to 2 GW per year.
As part of the plan, India intends to set up two or three solar manufacturing parks consisting of polysilicon manufacturing plants to make solar cells capable of generating up to 2 GW per year.
Solar PV capital costs relative to India's per capita GDP currently make India an attractive market for commercial/industrial applications and we expect growth in this segment to be significant. India is currently not a major solar market, but this new proposed programme has the potential to attract several project investors for large scale utility projects.
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