Solar industry in India is growing at an incredible rate. From current solar capacity (13 GW) to aggressive pipeline (14 GW under construction and 6 GW to be auctioned), and Government policies to make green energy a mainstream energy source is impressive, inspiring even. The industry growth is supposed to realize the vision of ‘energy reliance’, which is one of the few reasons behind India’s solar revolution. However, lack of quality inspection mechanisms (till now) and influx of imported modules have introduced the question of long term performance of the solar projects.
2016 has been a progressive year for Indian solar industry. The leap from 5 GW in 2015 to around 9 GW grid-connected solar capacity was an incredible growth indeed. Rooftop segment has also flourished with the support of Government and rising awareness in the country, surpassing the 1 GW mark, achieving 113 percent growth rate in the last 12 months. The idea of solar park installations has also seen improvement with the Government approving 34 solar parks in 21 states. Although these indicators are pointing towards progress, it is important that we try to evaluate if the current growth rate can translate into success by reaching the 100 GW mark by 2022.