Power Today |
Advertise Here [728 W x 90 H pixels]
Web Exclusive | May 2017

India’s solar capacity addition to remain strong in this fiscal | ICRA

India’s solar power capacity addition would remain strong in a range between 7,000-7,500 MW on the back of a huge portfolio of projects awarded recently, research and ratings agency ICRA has said. “While currently there is a temporary lull in the announcement of fresh bids, the magnitude of solar project awards in the past 12-18 months has been quite significant. The backlog against these awards itself would support a solar capacity addition of about 7-7.5 GW in grid connected utility segment in 2017-18,” ICRA said.

The renewable energy sector reported a record capacity addition of over 11 GW in 2016-17, an increase of around 60 per cent over 7.1 GW reported in FY2016. This was driven by large capacity additions in the wind and solar power segments at 5.4 GW and 5.5 GW respectively as per the data released by the MNRE.

This was supported by favourable policy and regulatory framework, shorter gestation period and the improving tariff competitiveness of solar PV energy. According to ICRA, this capacity addition in the RE sector is at par with the added thermal power segment capacity of about 11.5 GW in 2016-17, which has declined from the peak capacity addition of 22.5 GW in 2015-16.

Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]