ECONOMIC TIMES ICRA estimated 7-7.5 GW solar power addition

CONTEXT:

  • Rating agency ICRA has estimated 7-7.5 GW solar power capacity addition during the current financial year, which includes 1 GW of rooftop solar power.
  • Solar capacity addition is estimated to have remained subdued at around 6 GW to 6.5 GW in the financial year 2018-19.
  • Tendered project awards for solar PV (photovoltaic) projects during CY 2018 stood at about 11 GW against 4.5 GW in CY 2017.
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