Solar capacity to increase 7.5 GW in FY18: ICRA

ICRA has said that given the number of projects awarded under the National Solar Mission (NSM) and the state policy route in the past 12-18 months, solar capacity addition is expected to increase up to 7.5 GW in FY18. 

 

According to the ratings agency, the solar capacity addition is expected to increase from 3.5-4 GW in FY17 to at least 7-7.5 GW (in grid connected utility segment) in FY18. Commenting on the issue, an ICRA Official told the media, "The magnitude of solar project awards, both under the NSM and the state policy route in the past 12-18 months, has been quite significant, though currently there is a temporary lull in the announcement of fresh bids."

 

Free Share Market Tips and recommendations with full executive’s support >> https://www.marketmagnify.com.