India''s Solar Sector Facing Challenges Due to Oversupply and
India''s solar sector is at an inflection point where demand signals, trade flows and technology shifts will determine players to survive or gets squeezed, according to a report by
Workers install solar panels at a renewable energy park in Khavda, Gujarat, India. India's power grid is struggling to absorb a surge in solar power installations, leading to more curtailment that threatens the build-out of renewables and underscores the need for energy storage.
The growth of solar and wind energy capacity in India means that more electricity demand is being met by renewable energy generation. However, its contribution to meeting electricity demand is not evenly distributed throughout the day or across different months of the year.
Furthermore, the MoP has introduced a national framework aimed at promoting energy storage. This initiative is designed to foster the adoption of energy storage technologies. India needs to increase its annual capacity addition by around 36% every year to meet its NEP target for solar.
India Solar Sector: India's solar sector is at a critical juncture with risks of oversupply and trade disruptions looming, as highlighted in a recent report. The sector's future depends on policy decisions, demand signals, and technological advancements. Learn more about the challenges and opportunities in India's solar industry.
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