Solar Capacity Additions At A Fast Pace May Add To Economic Woes


Solar Capacity Additions At A Fast Pace May Add To Economic Woes

Prime Minister Narendra Modi government’s overzealous approach towards solar power generation and solar module manufacturing appear to be unsustainable.

As it is, more than 25,000 mw of thermal power generation capacity is on sale and buyers are hard to find. This idle capacity is one of the major contributors to the huge Rs 10 lakh crore bad debts of commercial banks, analysts said adding creation of excess capacity in solar power will add to the economic woes.

The government has set a high target of generating 175 gw of solar and wind power by 2022, of which 100 gw would be that of solar power. Now the plan is to step it up to 225 gw by 2022. Read More

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