India plans to invite bids for setting up 20 gigawatts (GW) of solar power capacity the world’s largest solar tender at one go, in an attempt to spur domestic manufacturing of solar power equipment.
The effort will help further lower the country’s solar power tariffs and provide a boost to the National Democratic Alliance (NDA) government’s Make in India plans.
Most solar power developers in India have been sourcing solar modules and equipment from countries such as China, where they are cheaper. This has resulted in domestic manufacturers accounting for only around 10% of the market despite India having an ambitious 175GW clean energy target by 2022, of which 100GW is to come from solar projects. Read More…
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