Versuchen GOLD - Frei

Create more space for solar power

Financial Express Kolkata

|

July 24, 2025

Policy efforts must focus on incentivising private investment in transmission infrastructure and standardising banking mechanisms across states

- VP SINGH, PRADEEP S MEHTA & AKASH SHARMA

INDIA NEEDS TO install nearly 50 gigawatt (Gw) of renewable energy (RE) each year to reach its goal of 500 Gw of non-fossil fuel-based energy capacity by 2030. A large part of this—around 300 Gw—is expected to come from solar power. However, based on recent installation trends, India will need to deploy close to 10 Gw more solar capacity annually than the average of the past few years to stay on course.

While solar power is auctioned almost every fortnight and developers are actively securing capacity, strengthening the power transmission network remains crucial to ensure that the generated power can be effectively delivered and utilised. Captive solar also holds considerable promise, and unlocking its potential can make a meaningful contribution toward achieving our RE targets.

Solar power plants in India are typically commissioned within 12–18 months, depending on their capacity and location. In contrast, dedicated transmission infrastructure can take three to four years to become operational. This mismatch creates a significant lag between project completion and the actual injection of power into the grid. Even when connected, many plants face curtailment due to grid congestion, limiting the full utilisation of installed capacity.

According to the International Energy Agency, nearly 3,000 Gw of RE capacity globally was awaiting grid connectivity as of 2024, with India among the countries facing the biggest backlogs. This is despite the commendable work of the Power Grid Corporation of India, which has built a robust national transmission network across such a vast and diverse geography. Notably, over 30% of India's total transmission capacity has been added in just the last decade—a testament to sustained institutional effort and commitment.

WEITERE GESCHICHTEN VON Financial Express Kolkata

Financial Express Kolkata

Create more space to let solar power flow

Solar power is auctioned almost every fortnight and developers are actively securing capacity, so boosting transmission network is crucial to reap benefits

time to read

3 mins

December 16, 2025

Financial Express Kolkata

Maruti to localise batteries and key components soon

CARMAKER CHARTS ROADMAPTO BUILD STRONGER EV ECOSYSTEM

time to read

2 mins

December 16, 2025

Financial Express Kolkata

Rupee slides to another record low

THE RUPEE'S DOWNWARD slide continued on Monday, ending at a new low of 90.73 against the dollar—down 31 paise—on weak market sentiment.

time to read

1 min

December 16, 2025

Financial Express Kolkata

IPL auction: KKR, CSK ready to loosen purse strings

PLAYERS TO WATCH OUT FOR Others in the 359-player auction pool are Steve Smith, Wanindu Hasaranga, Liam Livingstone, David Miller and Devon Conway to name a few

time to read

1 mins

December 16, 2025

Financial Express Kolkata

Noida airport set for flight into the future

Designed to operate largely on automation and self-service

time to read

2 mins

December 16, 2025

Financial Express Kolkata

Not worried about impact of tariffs as much as Al’s impact: BCG global chair

EVEN AS THE Indian economy and markets have been feeling an overhang of the ongoing tariff deal with the United States, Richard Lesser, the global chair of Boston Consulting Group (BCG) said that he is not worried about impact of tariffs as much as impact of Artificial Intelligence (AI), which he termed as 'critically important'.

time to read

2 mins

December 16, 2025

Financial Express Kolkata

Top 15-20% of consumers are driving growth energy'

How are you balancing premiumisation with the need for mass-market growth?

time to read

1 mins

December 16, 2025

Financial Express Kolkata

Over 84% of winter sowing complete, up 4.68% on year

SOWING OF RABI crops such as wheat, pulses, oilseeds and coarse cereals is nearing completion with over 84% of normal sown area covered, so far.

time to read

1 min

December 16, 2025

Financial Express Kolkata

GST cut to have 5-6% impact on bottom line: Galaxy Health

GALAXY HEALTH INSURANCE, the country's youngest standalone health insurer, is estimating a 5-6% impact on its bottom line following the rationalisation in the goods and services tax (GST) rates, a senior company official said on Monday.

time to read

1 min

December 16, 2025

Financial Express Kolkata

China's economy stalls in Nov

COUNTRY NEARS FIRST INVESTMENT DECLINE IN THREE DECADES

time to read

1 mins

December 16, 2025

Listen

Translate

Share

-
+

Change font size