India Nearly Doubles Solar Capacity Addition In FY2016-17, But Misses Target By 54%
India recorded its highest-ever solar power capacity addition in the financial year 2016-17, and yet missed out on the targeted capacity addition by a massive 54%.
India recorded its highest-ever solar power capacity addition in the financial year 2016-17, and yet missed out on the targeted capacity addition by a massive 54%.
The Indian solar power market is expected to see another record capacity addition this year as several large-scale power projects are lined up for commissioning.
The appetite of solar power developers has not at all dwindled in the Indian market as a recent tender witnessed a massive oversubscription.
A joint venture of Softbank, Foxconn Technologies, and Bharti Enterprises has announced that it has commissioned the world’s seventh largest solar power project in India.
One of India’s largest solar power parks, and the cheapest so far, has crossed yet another milestone in its journey towards commissioning and full operationalization.
Solairedirect, a company owned by French utility Engie, recently won rights to develop a 250-megawatt solar power project in the Kadapa solar power park being developed in the state of Andhra Pradesh.
Bids in India’s solar power market have crashed sharply ever since the government launched the National Solar Mission, data released by the Ministry of New and Renewable Energy shows.
As India continues to add new solar power capacity at a rapid pace, the amount of electricity generated from these assets is also increasing to levels never seen before.
Finland-based Fortum Corporation recently announced that it commissioned its largest solar power project. The project, located in the Indian state of Rajasthan, is also among the cheapest solar power projects in the country.
IDFC Alternatives is in talks with First Solar to acquire 200 megawatts solar power projects located in Andhra Pradesh and Telangana. The expected deal size is $200 million.