5,200 MW solar capacity to be added in 2016-17: CARE

The country is set to add 5,200 MW solar capacity this fiscal with various states coming out with policies for the sector, CARE Ratings said.

According to a study conducted by the ratings agency, out of total installed renewable energy capacity of 42,750 MW as on March 31, the share of solar energy increased to 15.82 per cent, as against 13.8 per cent in 2014-15.

Various states such as Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana and Uttar Pradesh have come out with policies for awarding solar power projects.

Also, government entities like NTPC and SECI have come out with tenders of large capacities in GW size, including those in solar parks.

“After witnessing record capacity addition of around 3 GW in FY16, 1,000 MW in the first quarter of this fiscal, and bids of around 6,000 MW awarded over the last six months or so, the solar sector is on a strong growth path.

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