India May Auction 1 Gigawatt to Double Solar Capacity

India may auction a third of the solar projects planned by 2017 in the current financial year to double the nation’s sun-powered capacity as it seeks additional clean-energy investments to combat power shortages.

Of the 3,000 megawatts of solar plants proposed to be built starting in 2013, contracts for “1,000 megawatts or a little less” may be tendered in the first batch, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said yesterday in a phone interview from New Delhi.

The plan provides some guidance to solar utilities and manufacturers, which have said India must demonstrate a reliable pipeline of projects to draw the investment needed to meet its targets. India is aiming for 20,000 megawatts of solar power by 2022 and most of the country’s existing capacity of 1,040 megawatts was built in the past year.

Click Here to see New Solar Page

Continue reading

Share

shivanshtyagi

Mechanical engineer with experience in Power Plant maintenance , operation and auditing for ISI marked products. MBA in Power Management from National Power Training Institute, Faridabad. Working as Consultant for Bridge to India Pvt. Ltd. Expertise in: 1) Power sector regulations 2) Financial Modelling 3) Project Development solar PV plants 4) Strategic consulting 5) Report writing

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*