After a dull first half, the capacity addition in India’s renewable energy sector is expected to increase in the second half of the financial year FY24 owing to lower prices of solar modules and relaxation of the approved list of models and manufacturers (ALMM) by the government which may enable developers to commission many of the delayed projects by the year end, analysts say.
In the first half of the current financial year, the country added 6.6 GW RE capacity, against the target for the full year of 20 GW.
