India will achieve installed solar power capacity of 70GW by March 2023, ratings company Crisil said, lowering its July estimate of 79GW.
The government set a target of 100GW of solar capacity by 2022, against the existing 22GW. The target is growing more distant and the shortfall by which India will miss it is growing bigger, Crisil said.
“The regulatory/policy support (for renewables) is itself emerging as a key risk,” said the Crisil report, shared exclusively with Mint. “The renewable energy domain is highly dependent on policy support and any uncertainty on that front can have strong negative consequences.”
