Wood Mackenzie: Continent will grow to install annual 20GW within three years but shift to auctions and merchant exposure will see profitability come under pressure.
Joint venture formed to deploy renewable portfolio of 900MW, featuring four solar plants and two onshore wind projects backed through post-auction 15-year PPAs.
Awarding of 505.2MW from collective bids of 869MW is a positive turn for sector but land restrictions will stifle deployment, says Germany’s BSW Solar.
Smaller companies are finding it increasingly difficult to enter the Indian large-scale solar market and partake in the multi-gigawatts of competitive auctions for PV capacity.