<p>India's solar power generation capacity has touched 10,000 MW mark today, registering a three time increase in less than three years.<br /><br />"Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less than 3 years," Power, Coal, Mines, New & Renewable Energy Minister Piyush Goyal tweeted.<br /><br />India solar power generation capacity stood at 2,650 MW on May 26, 2014.<br />India has set an ambitious target of adding 100 GW of solar power generation capacity and 175 GW of overall renewable energy capacity by 2022.<br /><br />Earlier last month, the lower capital expenditure and cheaper credit had pulled down solar tariff to a new low of Rs 2.97 per unit in an auction conducted for 750 MW capacity in Rewa Solar Park in Madhya Pradesh.<br /><br />The auction was conducted by a joint venture of Madhya Pradesh government and Solar Energy Corporation of India (SECI).<br /><br />Last year in January, solar power tariff had dropped to a new low, with Finland-based energy firm Fortum Finnsurya Energy quoting Rs 4.34 a unit to bag the mandate to set up a 70-MW solar plant under NTPC's Bhadla Solar Park tender.<br /><br />In November 2015, the tariff had touched Rs 4.63 per unit following aggressive bidding by US-based SunEdison, the world's biggest developer of renewable energy power plants. </p>
<p>India's solar power generation capacity has touched 10,000 MW mark today, registering a three time increase in less than three years.<br /><br />"Bright Future: India has crossed 10,000 MW of Solar power capacity today. More than 3 times increase in less than 3 years," Power, Coal, Mines, New & Renewable Energy Minister Piyush Goyal tweeted.<br /><br />India solar power generation capacity stood at 2,650 MW on May 26, 2014.<br />India has set an ambitious target of adding 100 GW of solar power generation capacity and 175 GW of overall renewable energy capacity by 2022.<br /><br />Earlier last month, the lower capital expenditure and cheaper credit had pulled down solar tariff to a new low of Rs 2.97 per unit in an auction conducted for 750 MW capacity in Rewa Solar Park in Madhya Pradesh.<br /><br />The auction was conducted by a joint venture of Madhya Pradesh government and Solar Energy Corporation of India (SECI).<br /><br />Last year in January, solar power tariff had dropped to a new low, with Finland-based energy firm Fortum Finnsurya Energy quoting Rs 4.34 a unit to bag the mandate to set up a 70-MW solar plant under NTPC's Bhadla Solar Park tender.<br /><br />In November 2015, the tariff had touched Rs 4.63 per unit following aggressive bidding by US-based SunEdison, the world's biggest developer of renewable energy power plants. </p>