| Quick facts |
|
Indian government set a goal of 200 GW of power generation through renewables by 2030, Solar is the first option to reach this goal in India. Worldwide PV installations increased to 2.8GW in 2007, an increase of 62% Y/Y, generating $17.2 billion in revenues (Source: Solarbuzz, Clean Edge). PV revenue is expected to increase to $74 billion by 2017 (Clean Edge,08) From 2008 until 2020, installed global solar capacity is expected to grow by about 30 to 35 percent per year, from 10GW today to about 200 to 200GW (Source: The McKinsey Quarterly) Solar project investment in 2007 was $5.9 billion, while solar companies raised $5.8 billion in new equity in 2007 in the public markets and $702 million through VC investments (Source: New Energy Finance) CAGR of global capital invested in solar energy from 2003-2007 was 253% (Source: New Energy Finance)nts new regulation calls for 200 GW to be through renewable sources by 2030 |