PV Installed Capacity Exhibiting Stupendous Growth of Solar Energy Industry

The annual PV installed capacity in India is anticipated to grow at a CAGR of 49.5% and reach 1500 MW during the forecast period (2010-2014), says RNCOS.

Noida, India (prHWY.com) February 15, 2012 - Rajasthan in the western zone of India is blessed with abundant natural resources and receive the highest solar radiation in the country. Solar irradiance in Rajasthan is 6.0-7.0 KWh, per sq m, a day and direct normal irradiance exists in the range of 2100 W/M2, a year. The state has planned to increase its capacity by 1200 MW during 2010-2012 by renewable sources and 4465 MW from conventional sources. Backed by proactive initiatives on the part of both the Central Government through Jawaharlal Nehru National Solar Mission (JNNSM) and state government through Rajasthan Energy Policy 2011, solar energy in Rajasthan has come a long way. Thus, solar energy is expected to boom in the coming years, says our new report, "Indian Solar Energy Market Analysis".

The abundance of solar energy potential can be utilized to address a large-scale deployment of solar energy. Also, the Indian Government's proactive initiatives, both at state and central level to position itself as one of the world's major solar producers is also taking forward the growth of the industry together with the utmost initiative to augment green and clean energy.

Thus on the back of favorable conditions owing to the increasing electricity demand, high irradiation levels, favorable government policies, and investments worth Billions of dollars being made in the sector, the country definitively has a huge future growth potential for the solar photovoltaic industry.

Our research also identified that, apart from huge investments in solar power plants and the obligatory modification of the governmental buildings with solar technology, the demand for solar off-grid systems will quickly increase across several remote and un-electrified rural regions of the nation. Therefore, in a nutshell, our report is a comprehensive analysis of the Indian solar energy industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM328.htm

Some of our Related Reports are:

- Indian Coal Industry Forecast to 2013 (http://www.rncos.com/Report/IM280.htm)
- Turkey Wind Sector Analysis (http://www.rncos.com/Report/IM338.htm)
- Indian Wind Energy Sector Analysis (http://www.rncos.com/Report/IM303.htm)
- Indian Solar Energy Market Outlook 2012 (http://www.rncos.com/Report/IM187.htm)
- Brazil Gas Meter Market Forecast to 2013 (http://www.rncos.com/Report/IM241.htm)

Check Related REPORTS on: http://www.rncos.com/energyutility.htm

About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india solar energy, solar lantern

Categories: Business

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