Solar Power: Satisfactory operating performance, reducing costs provides respite for competitively bid projects

摘要

After witnessing record capacity addition of around 3-GW in FY 16 (Apr-Mar), 1-GW in Q1FY17 and bids of around 6-GW awarded over the last six months or so, the solar sector is on a strong growth path. According to various estimates, India is set to become the fourth largest solar market globally in 2016, behind only China, USA and Japan, primarily on account of Government of India (Gol's) thrust on significantly enhancing the installed solar capacity to 100-GW by 2022. This has attracted serious interest from various players, domestic as well as overseas.