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Construction : Power Update | May 2016 | Source : CW-India

5.7 GW of Solar Capacity addition expected in FY2017

ICRA expects the growth witnessed in capacity addition in the solar energy segment to be maintained in the near foreseeable future.
In ICRA┬┤s view, the amendment in the solar renewable purchase obligation (RPO) norm from 3 per cent to 8 per cent by FY2022 in the National Tariff Policy (NTP) is a key positive for the solar energy sector. This should facilitate capacity addition in line with the revised capacity target of 100 GW by FY2022 (earlier 22 GW) under National Solar Mission (NSM) by Government of India.
Contact: ICRA.
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