India is expected to add 8-10 GW of renewable energy capacity in the last quarter of the current financial year, compared with less than 7 GW in the first three quarters.
This would help narrow the wide gap between the actual RE capacity creation and the annual target of 20 GW.
“Supply chains have improved and the module prices are at an all time low. We are looking at a very increased rather intense B2B transaction in the open access market,” said Subrahmanyam Pulipaka, Chief Executive Officer of National Solar Energy Federation of India. With this, the country should be able to add 16-18 GW of renewable capacity by the end of FY24, he said.
