India’s solar power capacity addition to grow 15 per cent to 7,500 Mw this fiscal


India’s solar power capacity addition to grow 15 per cent to 7,500 Mw this fiscal

India’s solar power capacity addition is set to grow by about 15 per cent to a range between 7,000 Megawatt (Mw) and 7,500 Mw in the current financial year (2019-20) based on the tendering activity and awards of projects in the past 12-15 months.

By contrast, last financial year’s solar capacity addition is estimated to have remained subdued in a range between 6,000 Mw and 6,500 Mw because of weak trend in award of solar projects in calendar year 2017.

“Tendered project awards for solar PV projects during calendar year 2018 stood at about 11 GW against 4.5 GW in CY 2017, providing a healthy pipeline for capacity addition over the next 2-year period,” said Girishkumar Kadam, Vice President at ICRA.

Nearly, 56 per cent of the capacity auctioned in 2018 has been accounted for by central agencies such as Solar Energy Corporation of India (SECI) Read More

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