New Delhi: India is set to launch its first commercial solar power system, called the Solar Power of India, to power 100 million homes by 2022.
India has been struggling with rising power prices as its economic growth slows.
With the country’s economy in the red, it is also struggling to feed its growing population and keep its lights on.
It has also struggled to bring down power consumption and has not kept pace with renewable energy production.
India aims to become a “clean energy superpower” by 2030.
However, its ambitions for that goal have been hindered by the costs of solar panels and other solar energy sources, which have been on the rise in recent years.
A new solar panel industry in India will bring clean energy generation, storage, and distribution to the Indian market, India’s Minister of Power, Coal, New and Renewable Energy, Piyush Goyal, said on Thursday.
“India is a nation that needs clean energy, and this new system will deliver clean energy to the masses,” he said.
India has the third-largest solar power capacity in the world.
The country’s total installed capacity in 2020 was 4.3 gigawatts, according to data from the Ministry of Power.
The system will be built by India’s leading solar panel and module manufacturer, Bharat Solar, Goyal said.
It will be powered by solar panels that are made in India, India has invested billions of dollars in new technologies to make its panels more efficient.
It is also investing in a new battery system that will help to power its solar panels at a lower cost.
The first commercial system will include 12 modules that are manufactured by Bharat, Goyer said.
Bharat will be the prime contractor for the project, he said, adding that it has a contract to build the first module.
India is expected to install 3,000 megawatts of solar power by 2020, or about half of the nation’s total capacity, according the Ministry.
Goyal is expected soon to announce India’s renewable energy targets.
The government aims to have 100 gigawatts of renewable energy by 2022 and 100 gigawatt-hours of renewable power by 2026.
The National Renewable Solar Mission 2020 aims to increase renewable energy from 50 gigawatts in 2020 to 100 gigaws by 2022, and to achieve 50 gigawatts of renewable electricity by 2031.
India hopes to have enough solar power to power the country by 2030, but the country has a lot of work to do to meet that goal, Goyen said.