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India Solar Energy Policy and Market Outlook for 2019 and Beyond

India Solar Energy Policy and Market Outlook for 2019 and Beyond

With sufficient sunshine, India has a good motivation to develop its solar energy industry due to electricity and power shortages in urban and rural areas. Over the years, India's electricity demand has been growing rapidly. In 2017-2018, the peak demand for electricity reached 164.07 GW. In June 2018 alone, the peak demand reached 171 GW. It is estimated that electricity demand will increase to 295 GW in 2021-2022 and to 690 GW in 2035-2036. Until 2034, India will need an additional 450 GW of electricity. The positive policy of the Indian government has attracted several vendors from various countries to invest in India. In recent years, the Indian government has strived to promote the local market which has been lack of manufacturing capacity and competitiveness. Many foreign vendors have actively rushed into India to seize the market share by investing in factories or participating in the bidding. This report provides an overview of the economic development in India, outlines solar energy policies of the government, and analyzes its market and industry developments; examines challenges and opportunities of solar energy for India.


  • India Economic Development
    • Introduction of India
    • India Still Has Relatively High Growth Potential Despite Policy and Currency Fluctuations
    • India Becoming One of Major Economies in the World
    • India is about to Enter Growth Phase
      • Table GDP per capita by country
    • India's Economy to Face Setbacks Due to Currency and Oil Price Fluctuations
  • India Energy Demand
    • India Still Has Huge Needs for Energy Infrastructure
    • Reducing Dependence on Petrochemical Fuel is an Important Policy for India
  • India Solar Energy Policies
    • India Has Best Solar Development Conditions
    • India Government Has Strong Ambition to Promote Solar Photovoltaics (PV)
    • India is an Important Solar PV Market
    • India Government's Policies Support Local Solar PV Development
    • India Promotes Talent Development Program for the Solar Industry
  • India Solar Energy Market and Industry
    • Electricity Needs Grow Along with Economic Development in India
    • India Government Strongly Promotes Solar City Master Plan
    • India Local Governments Set Their Own Solar Energy Power Installation Goals
    • Reduced Cost of Solar Equipment Drives Electricity Prices Down
    • Several Challenges Facing Indian Solar Energy Industry
    • New Mindset for Solar Energy Development: Off Grid Application
  • Solar Energy Development Challenges
    • The Photovoltaic Equipment Market Highly Relies on Imported Solar Cells
    • India Government Imposes 25% Safeguard Duty on Imported Solar Cells
    • The Indian Solar Industry Faces Insufficient Funds
  • Opportunities and Recommendations
    • India Continues to Look for Global Technology Partners
    • India Government Gearing Up for High Quality Industry Development
    • Emerging Solar Application in Taiwan
  • Conclusion

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