National Solar Mission Phase II Draft Policy Released in India

Release Date: 04-Dec-2012

Ministry of New and Renewable Energy released draft policy document on Jawaharlal Nehru National Solar Mission (JNNSM) Phase-II on 04/12/2012. The Phase II policy emphasis on increasing grid connected solar capacity to 10 GW and off grid solar applications to 1 GW by 2017.  The central government scheme backed capacity is targeted at 4 GW and remaining 6 GW will be backed by multiple state specific schemes.

The main focus areas for National Solar Mission Phase II policy are:

India is emerging as one of the leading solar PV markets in the world as the country is blessed with immense potential for solar energy as most of the states have more than 300 sunny days and the specific average annual solar energy yield in India is estimated between 1700 – 1900 kWh per kWp. Indian Solar power has the potential to generate 50,000 MW which would be enough to meet over 7% of power requirement by 2022.

Along with grid connected solar PV installation, Indian PV market represent huge potential for off-grid application too. The JNNSM programme targets  1 GW of off grid capcity by 2017(Phase II) and a cumulative installation over 2 GW until 2022(Phase III). This exhibits huge potential market for off-grid, stand along and hybrid systems. This market segment that is quite specific to emerging markets could kick-off PV installations faster than expected.

For more information visit “India Solar Power Sector Analysis”

Need custom market research solution? We can help you with that too.