India is making plans to auction off 20.6 GW of solar power in the fiscal year of 2017-2018 fiscal years, and additionally thinking to auction off 30 GW in 2018-19 and the same for 2019-2020. Obviously, this capacity is part of the same 100 GW that needs to be installed by 2022, which is a part of the country’s goal to meet 175 GW of renewable energy capacity.
It was in 2015’s February that the honorable prime minister of India announced the plan of building 175 GW of renewable energy by 2022. The goals are to gain energy from these four renewable energy sources -100GW from solar, 60GW from wind, 10GW from bio-power, and 5GW from small hydropower.
As on 1 September, 2017, 22% of the 175 GW of capacity’s goal has been achieved, half of which is contributed by wind energy.
The plans can be broken down into separate bids in 2017-2018 excluding the bid of 3.6 GW of projects that have been already auctioned. The fiscal year of 2018 – 2019 will start from April, 2018 –till then the following bids will take place –
- December, 2017 – 3GW
- January, 2018 – 3GW
- February, 2018 – 5GW
- March, 2018 – 6GW
Let’s look at the figures with respect to previous fiscal years. The ‘global solar capacity installed’ in 2007 was 2.5GW and in 2008 it was 6.4 GW. Bidding 30GW per year would mean an average of ‘one 2007 global capacity per month’.
2017-18 onwards, the press release noted that the plans are to auction off 30GW every fiscal year 2018-19 and 2019-20. This totals to 80GW for the years 2017-2020. Government data suggests about 14.7 GW of solar was built as of September 30th.Then India will be left with 5.3 GW of solar power for the years 2020-21 –which is lesser than the volume planned to be bid in the month of February or March next year.
The same type of plans is there to be made for wind projects as well. As planned 60 GW of wind energy by 2022, 32.7 GW of it has been already commissioned. For 2017-18, about 8 GW of bid is planned, 10 GW per year in 2018-19 and 2019-20. January and March will observe bids of 1.5-2GW in each month.
India is planning to electrify 100% of the population by the end of 2018, for this plan to reach completion India has started a program to give solar panels plus batteries to all residential households.