The Indian government’s energy policy is raising growth expectations
Mumbai, India and Pforzheim/Freiburg, Germany, 26. June 2015: India has ambitious objectives for expanding solar energy. The government plans to increase photovoltaic output by a factor of 30 by 2022, to a total of 100 gigawatts. The state of Maharastra has also committed to a determined energy policy: By 2020, the Maharastra government intends to install an additional 7.5 gigawatts (GW) of photovoltaic power. This policy provides the backdrop for Intersolar India 2015, taking place in Mumbai, in the heart of Maharastra, from November 18. Around 200 exhibitors from all over the world are expected at India’s largest exhibition for the solar industry.
Everything is pointing towards growth of the Indian solar market, making Intersolar India 2015 a particularly exciting event. As in the previous year, the Intersolar India Conference will be held in parallel with the exhibition. The first conference day sheds light on current market developments. Both the exhibition and the conference take place at the Bombay Exhibition Centre (BEC) in Mumbai. The organizers are expecting around 200 exhibitors and 9,500 visitors.
New government of the state of Maharastra advocates photovoltaics (PV)
Intersolar India 2015 will be a reflection of ambitious political goals. After the elections in the Indian state of Maharastra just a few months ago, the new government was formed which is led by Indian Prime Minister Narendra Modi’s party, the Bharatiya Janata Party (BJP). The new government has already passed its new energy policy, which proposes a marked expansion of renewable sources of energy. The program envisions the additional installation of 14.4 GW from renewable energies by 2020. According to a recent announcement by Bridge to India, 7.5 GW are to be generated by photovoltaics. Compared with the central Indian government’s guideline for the development of a sustainable energy supply, Maharastra has been somewhat reluctant. While India’s Prime Minister Modi’s government has set itself the ambitious goal of a total output of 100 gigawatts (GW) by 2022, many observers have been missing a clear commitment from Maharastra to the country’s energy future so far. The new policy could bring the state to the fore, making it leading in the expansion of solar energy.
