India has plans to install a further 800MW in this fiscal year. Image: Tata Power

India has achieved a total a cumulative capacity of 1,447MW for grid-connected solar PV.

According to statistics from the Indian Ministry of New and Renewable Energy (MNRE) India added 210MW in February, taking the total grid-connected solar deployed in this financial year to 505MW.

The country is targeting a total of 800MW of new solar capacity by the end of the financial year ending this month.

For off-grid systems of more than 1kW in size, the MNRE did not supply figures for February, but its total deployment for 2012-2013 has reached 17.59MW. The country now has a cumulative capacity of 108MW, which has surpassed its 30MW target for 2013.

The MNRE recently released a roadmap proposing to install 10GW of additional PV capacity by 2017.

The Indian solar market has been estimated at US$2.05 billion by business consulting firm Frost & Sullivan, up from US$1.05 billion last year.

Source: PV Tech