Within this section you will find
In India, the Target Off-Grid/ Captive Power was set at 60 MW for the FY 2014-15 and it has been achieved(State wise progress is awaited). This makes the cumulative Off-grid capacity to be 234.35 MW. As far as Solar Water Heating is concerned, 0.50 Coll. Area(million m2) was targeted for the FY 2014-15 and 0.72 Coll. Area(million m2) was installed, making the cumulative instalment 8.82 Coll. Area(million m2)
We will examine the growth of a few solar products to estimate the outlook for the off-grid solar products.
Data is as of December 2014, sourced from MNRE.
Initially modest in growth, the sector has seen a spike in installations for the last year. This is to be expected with the increase in targets under JNNSM for solar power plants providing a fillip to the captive segment as well. Solar Mango expects this sector to continue to witness strong growth over the new few years, even without much government intervention.
This sector has also seen a spike in installations during the last year. With a target of 1, 00,000 pumps under JNNSM, we expect this sector to continue to see strong growth provided government assistance continues.
This sector has seen rather gradual growth over the last few years. This is highly dependent on government incentives. As Phase II of JNNSM originally targeted 800 MW equivalent of off-grid solar products, we expect to see similar growth or greater provided the incentives continue.
Growth has been very modest in this sector, and we have seen several entrepreneurs pull out of this market. Without significant government incentives we don’t see this sector witnessing much growth over the next few years.
1. Solar Off-Grid Applications and Products
2. Drivers of Off-grid Solar Market Growth in India
3. Government Initiatives/ Programs to Support Off-Grid Renewable Energy Deployment in India
4. Ways to Identify Other Potential and Attractive Off-grid Segments
5. Business Opportunities in Diverse Off-grid Applications
6. Solar Thermal – Products and its Market Status
7. Financing Options and Market Strategies for MW Solar Power Plants in India