India Just Broke a World Record With Its New Solar Farm – Futurism

This is good news not just for Indias future energy security but also for its peoples short-term energy needs.

The plant was built in only eight months, comprises 2.5 million individual solar modules and cost $679m to build. It is estimated that it will produce enough electricity to power about 150,000 homes at full capacity.

Installed solar capacity and cost in India. Image: Bridge to India

A signatory of the Paris Agreement, India is forecast to meet its renewable energy commitments three years early and exceed them by nearly half. The country is aiming to generate nearly 60% of its electricity from non-fossil sources by 2027.

Solar is a particular focus: it makes up only 16% of renewable energy capacity now but is set to contribute over half of the renewables target by 2022: 100 gigawatts of 175 GW. Large installations will be key to achieving this, and the government is planning 33 solar parks in 21 states, with a capacity of at least 500 megawatts each.

Prioritizing solar is not just an investment in the future, though. India is one of the worlds fastest growing economies, and its energy use has doubled since 2000, according to the International Energy Agency.

Last year, the country declared that it had a power surplus for the first time ever, though The Hindu reported that 300 million people still dont have access to electricity and power cuts continue to be rampant. The issue, it appears, is that capacity remains unused in the grid because some state power companies simply cannot afford to buy sufficient electricity.

The Indian government has recently launched an energy blueprint, and raised its investment target for solar energy to $100 billion in an attempt to address both these near-term issues as well as securing its energy supply far into the future.

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India Just Broke a World Record With Its New Solar Farm - Futurism