After Rs 5,000-Crore Investments in 2017, Solar Sector Poised For Bigger Leap

After Rs 5,000-Crore Investments in 2017, Solar Sector Poised For Bigger Leap

The solar energy sector that took a big leap in Rajasthan in 2017 attracting Rs 5,000 crore investments is poised for an exponential expansion in 2018. After adding record 955 megawatt in 2017 which is 42% higher compared with 2016, Rajasthan is set to double the existing capacity from 2,246 MW to more than 5,000 MW in the next two years. The year just went by will also be remembered when the solar tariffs crashed to new low of Rs 2.44 per KWh in the country for a 200 MW project in Rajasthan bagged by ACME Solar.

“Solar sector became a running theme in the country in 2017 and Rajasthan was at the centre of it, not only attracting investments of about Rs 5,000 crore but becoming the ground zero for trends in tariffs, strategies and development. Companies offered lowest tariffs to consumers for projects in Rajasthan underscoring the state’s strong fundamentals. But what we see unfolding in the next two years is at a much larger scale,” said B K Doshi, managing director, Rajasthan Renewable Energy Corporation Ltd. Read More…

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