A priority of the new government must be to address the recent lethargy in India’s solar power programme. Back in June 2015, when the Modi government raised the solar power capacity target fivefold, to 1,00,000 MW (100 GW) by March 2022, it may have seemed a tall order.
But the fact is that installed solar photo voltaic capacity is now over 28 GW. However, there has been a marked deceleration in solar power addition lately, project commissioning has been affected, and earlier in January, an auction bid for 700 MW capacity at Radhnesada solar park in Gujarat was cancelled as the tariffs were deemed too high.
Now, India has been quite unique in setting up large solar parks. It has led to the policy of bidding and, consequently, huge decrease in tariffs, and, in the process, we have avoided costly ‘feed-in’ tariffs. Read More
Latest posts by The Economic Times (see all)
- India expected to get $58B investment in upstream sector: Dharmendra Pradhan - October 15, 2019
- Adani Transmission acquires arm of REC Transmission Projects - October 15, 2019
- Total, RIL unlikely to bid for BPCL; BP wants to see whats on offer - October 14, 2019