ICRA increased 7-7.5 GW solar power capacity in 2019-20

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Rating agency ICRA said on April 23 that it has estimated a 7-7.5 GW solar power capacity increase in the current financial year, which includes 1 GW solar power. Based on the tendering and award of projects in the last 12-15 months, according to the ICRA Note, the domestic solar power capacity growth in the financial year 2020 is expected to be around 7 GW to 7.5 GW (1 GW of solar power capacity on the roof). . "The rating agency said in a statement.


On the contrary, the solar capacity increase is estimated that in the financial year 2018-19, the fiscal year 2018-19 has been under 6 GW to 6.5 GW.

"During the CY 2018, Tender Project Awards for solar PV (photovoltaic) projects stood at about 11 GW compared to 4.5 GW in CY 2017, which was done in the year 2018, sector head and vice-president (Corporate Ratings) Girishkumar Kadam, ICRA, said. Provides a healthy. Pipeline for capacity addition in the next two years. "

He also said that about 56 percent of the capacity auctioned in 2018 has been taken by the central agencies, such as Solar Energy Corporation of India and NTPC Limited, by the State Nodal Institutions and Discom, in accordance with various state-level programs. 

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