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World Bank Foresees Potential For 20 GW Indian Solar Energy Future

India’s Jawaharlal Nehru National Solar Mission, launched in 2010, is “well-poised to make India a global leader in the development of solar power,” says the World Bank. Aiming to install 20 GW of solar power by the yer 2020, India is already well on her way, having grown from an installed solar capacity of only 30 MW in 2010 to 2,000 MW in 2013.

A new report released by the World Bank – Paving the Way for a Transformational Future: Lessons from JNNSM Phase 1 (PDF) — notes that solar power can reduce India’s dependence on foreign fuel imports, reduce greenhouse gas emissions, and contribute to the country’s energy security — all facts that are well known, and not restricted to India alone.

“In a short span of three years, India has made impressive strides in developing its abundant solar power potential,” said Onno Ruhl, World Bank country director in India. ”With more than 300 million people without access to energy and industry citing energy shortage as key growth barrier in India, solar power has the potential to help the country address the shortage of power for economic growth.”
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