After a halving of the pace of solar capacity addition so far in the current fiscal year, which caused doubts if investor interest in these projects and lenders’ support to them have waned, the remainder of the year will see the sector gathering momentum again, several analysts and industry executives said.
They attributed the optimism to a moderation in solar module prices that have cut project costs, and a recent pick-up in tendering of new projects after a lull witnessed in the last two financial years. Also, among the new projects being bid out, the share of those that could address the problem of intermittency of supply characterised by renewable energy projects is likely to be high.
