How Does India's Solar Power Industry Compare To The World?
One way to compare India's solar power industry to the world is to ask:
What is the current status of India's solar power
capacity compared to other countries?
According to the International Energy Agency (IEA),
India had a total installed solar power capacity of 39.2 GW as of 2020, making
it the third-largest solar power market in the world, behind China and the
United States. In 2020, India added 4.1 GW of solar power capacity, making it
the fourth-largest country in terms of annual solar capacity additions, after
China, the United States, and Vietnam.
India has set a target of achieving 175 GW of
renewable energy capacity by 2022, of which 100 GW is to be solar power system capacity. While India is making significant progress towards achieving its
renewable energy targets, there are still challenges such as land acquisition
and transmission infrastructure that need to be addressed.
Overall, India's solar power industry has grown
rapidly in recent years, and the country has become a major player in the
global solar power market. However, there is still significant potential for
further growth and development, and the Indian government is taking steps to
promote the expansion of the solar power industry through various initiatives
and policies.
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