In India 17 GW of utility scale solar projects are under various stages of execution
Post date: 16/07/2019 - 21:26
Indian utility scale solar capacity reached 26,154 MW as on March 31, 2019 (end of the Indian fiscal year). Capacity addition fell to 4,810 MW in FY 2019, down a steep 47 percent over previous year as the sector struggles with execution and financing challenges including land and transmission bottlenecks, safeguard duty, increase in financing costs, according to the latest figures published by consultancy Bridge to India. The year was notable for exponential surge in tenders, auctions and allocations. 54 GW of solar tenders were issued in this financial year but only 14 GW of pipeline was added as many tenders continued to be under subscribed and/ or cancelled, says the company. As on March 31, 2019, 17,887 MW of utility scale solar projects were under various stages of execution.