India to add 5,200 MW solar capacity in FY-17: CARE
04/08/2016 10:45
CARE Ratings has said that India is set to add 5,200 MW solar capacity this fiscal with various states coming out with policies for the sector. According to a study conducted by the ratings agency, out of total installed renewable energy capacity of 42,750 MW as on March 31, the share of solar energy increased to 15.82 per cent, as against 13.8 per cent in 2014-15. As per reports, various states such as Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana and Uttar Pradesh have come out with policies for awarding solar power projects. Commenting on the issue, a CARE Official told the media, “After witnessing record capacity addition of around 3 GW in FY16, 1,000 MW in the first quarter of this fiscal, and bids of around 6,000 MW awarded over the last six months or so, the solar sector is on a strong growth path.” "Nearly 5,200 MW is likely to be added this fiscal and 8,000 MW in FY2016-17," he added.
