Last nine months there has been a lot happening in the renewable energy sector after PM Narendra Modi announced his government's commitment for the same. Due to the reduction in the cost of Solar, there has been a shift from the usage of coal.
The falling cost has refocused interest in its use for both grid connected solar parks and home applications. India now aims to become one of the world's largest renewable energy markets with a target of 100000 MW of output by 2022.
The report by energy consulting firm Mercom Capital Group of the 12% decline in solar power installations has been a dip for India's burgeoning solar industry. The report added that the 100 GW solar installation had thrilled the sector but the industry being realistic understands that what seems easy on paper does not seem very easy while handling it in practicality.
Reference: cleanpowerlife.blogspot.com
