Govt cuts timeline for completing solar projects by 6 months


Govt cuts timeline for completing solar projects by 6 months

The projects that are being set up in solar park shall be commissioned within 15 months from the date of execution of the power purchase agreement (PPA), while for the projects being installed elsewhere, the timeline is within 18 months, according to the latest amendments in solar projects bidding guidelines.

Earlier, the deadline for execution of solar power projects outside a solar park with a capacity of 250 MW and above was 24 months. This project-completion timeline was 21 months for the projects in the solar park.

India has set an ambitious target of having 100 GW of solar energy by 2022. The country has about 26 GW of solar energy capacities, including rooftop solar. The government has set a target of bidding out 34 GW capacities the current financial year and 30 GW in 2019-20.

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