DRAFT SOLAR ENERGY ROADMAP 2021-41: EVEN MORE AMBITIOUS TARGET CAN BE ACHIEVED

The progress of solar energy technology has been remarkable in recent years. With over 100GW of new capacity additions worldwide in each of the last three years, solar PV has established itself as the leading source in ‘new’ electricity generation technologies. The sustained growth of solar PV power across the globe has been achieved mainly due to the decreasing cost of utility-scale projects. The global weighted-average total installed cost of utility scale grid-tied solar PV systems stood at around US$90/kW by the end of 2020, which is more than 80% reduction since 2010. As a result, solar P…

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