Setback for India: Solar energy prospects darken future
A 700 MW solar tender floated by Gujrat Urja Vikas Nigam has activated responses from international and local participants summing up to 1750 mw, indicating a renewal of interest among investors among a few severe hurdles impacting domestic solar energy sector. Where the investors feel lack of finance globally, falling tariff, the disinterest of producers and the threat of rising tariff is holding them back from investing.
Central Government target
100 GW: Solar capacity by 2022 target of the central government. (Pixabay)
Solar energy capacity in India
1,589 mw: Installed solar energy capacity in India in the third quarter of 2018. (Reuters)
Previous quarter
1,659 mw: The capacity in the previous quarter. (Reuters)
Low solar tariffs
Rs 2,44 a KWH: Low solar tariffs have touched. (PTI)
Safeguard duty
25%: safeguard duty imposed on photovoltaic cells and equipment. (Reuters)
Solar energy capacity edition (in MW): 2014-15 - 122.08; 2015-16 - 3,018.90; 2016-17 - 5,526; 2017-18 - 9,362.64; 2018-19 - 2,661.12. (Pixabay)