India could fall short of its target of adding 175 GW of clean energy by the end of 2022 due to uncertainty around safeguard duty and weak financial position of power distributors, a survey by renewable energy consultancy firm Bridge to India shows.
The survey, which covered top executives of over 40 Indian and international companies, also points to prospects for domestic solar manufacturing remaining bleak, which could cap growth of India’s total integrated module manufacturing capacity at below 3 GW by 2022.
“India is expected to add total solar and wind capacity of 66 GW and 52 GW by March 2022, 66% and 87%, respectively, of the targets set by the government,” said the RE CEO Survey 2018, which was shared exclusively with ET.
Clean energy players including Hero Future Energies, Engie, Aditya Birla Group, Sembcorp, Azure Power, Trina Solar, Schneider Electric and Larsen & Toubro participated. Read More
Latest posts by The Economic Times (see all)
- Banks plan to recast Rs 4,000 crore CG Power loans - October 16, 2019
- Tellurian to sell LNG at a lower rate of $6 to India - October 16, 2019
- India expected to get $58B investment in upstream sector: Dharmendra Pradhan - October 15, 2019