NEW DELHI: India’s target of adding 100 GW of solar project capacity by 2022 is facing headwinds as lack of clarity on policy, frequent bid cancellation and safeguard measures have negatively impacted the sector, a market research has revealed.
The country’s installed solar capacity is expected at 60 GW by FY 2022—40 GW short of the government’s target—and 70 GW by 2023, a research conducted by CRISILNSE 3.22 % said.
The report noted that inconsistent policy measures on part of the government have dampened the investors’ sentiment in the sector, thereby leading to a slowdown in the capacity addition.
