In its analysis of the year gone by, Bridge to India says that 2016 was bountiful in all respects for the solar sector with most key indicators growing 2-3 times over last year. The country added total solar capacity of 4.9 GW (estimated), an increase of 101 percent over 2015 and crossed the 10 GW cumulative installed capacity mark.
New tenders were floated for 9 GW of grid connected solar projects including 900 MW for rooftop solar systems.
“As 2016 comes to an end, it is worth taking a holistic look at the Indian solar sector to analyse key trends, challenges and outlook. Key highlights include record project volumes – both for capacity addition and issue of new tenders, improving power distribution company (DISCOM) financial position as a result of UDAY scheme, steep fall in equipment prices, improving M&A activity and India’s ratification of climate accord adding credibility to the country’s ambitious 100 GW target for 2022,” the report said. Read More…
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