At present, India is striving to enhance its solar energy capacity to 100 Gigawatt (GW) by 2022, which will include 60 GW from grid-connected solar projects and 40 GW from rooftop solar. It is expected that around 1.1 GW of rooftop solar capacity will be added in 2017, up 75% from 2016.
This provides ample opportunity to the solar firms across globe.
U.S.-based First Solar, Inc. and SunEdison Inc. have ample businesses in India and together with local firms, are investing considerably in the country. Chinese stocks like ReneSola Ltd. are also financing solar projects in India.
Keeping up this trend Enphase Energy, Inc . announced that it has entered into an agreement with Waaree Energies Limited (Waaree), to provide solar microinvertors. Microinvertors are attached with the solar modules to convert direct solar current produced from the modules to alternating current. Alternating current produced from these microinvestors are combined to feed the electric grid.
Waaree produces high quality mono-crystalline solar PV modules from its 500 megawatt (MW) solar facility in Gujrat. Waaree and other local producers, along with the foreign solar module producers, are working toward fulfillment of India’s ambitious solar goal.