india solar energy

California-based power solutions company, Power-One, Inc. (Nasdaq: PWER) has installed 25-megawatts of solar power inverters in India -- the inverters will be employed in one of the country's largest solar farms.

Even as the U.S. Senate fails to act on long-term clean-energy policy and federal money for renewables dries up, energy-hungry India is on pace to meet its commitment to add 1.1 gigawatts of solar power to the national grid by 2013, part of a greater goal of achieving 20 gigawatts of solar capacity by 2022, according to an Indian official.

India's government-owned National Thermal Power Corporation (BSE: 532555), the country's largest power generator (producing one-fifth of India's generation capacity), has signed a deal with Gujarat Power Corp., to set up more than 500 MW of alternativ

India's renewable energy ministry has pledged to increase the country's power generation from renewable sources by four-fold.

According to India's National Newspaper, The Hindu, the Indian government has finalized a draft for their "National Solar Mission" that will aim to see an installed solar generation capacity of 20,000 Megawatts (MW) by 2020, of 100,000 MW by 2030 and of 200,000 MW by 2050."

Under the first phase of the Indian government's "National Solar Mission" it will be mandatory for all functional buildings, meaning hotels, hospitals, government offices etc., to install solar water heating systems by 2012.

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