India Increases Solar Capacity 20-Fold, Yet Still Misses Its Targets!

From rural residents abandoning the grid and going solar to its National Solar Mission, India is emerging as a key player in the push for solar power. Bloomberg reports that the country missed its targets for new solar power last year, but what's significant here is that despite falling well short of its goals, it still increased capacity 20-fold—and much of the remainder of the 1,233 megawatts planned for 2011 are only temporarily delayed due to financing, construciton or weather-related issues:

The country planned to install 1,233 megawatts of central government, regional and pilot projects, the researcher said. “Many projects in Gujarat state were delayed because of transmission infrastructure problems, rains, and delays in financial closure,” said Bharat Bhushan, Bloomberg New Energy Finance’s New Delhi-based solar analyst. Some are just being completed and more capacity is expected by March, he said.

Tags: India | Renewable Energy | Solar Power