2015 was a landmark year for the Indian solar industry, with the 100GW by 2022 target approved and a significant ramp up of deployment. Bridge to India's Jyoti Gulia discusses the challenges ahead regarding project delays, transmission infrastructure and financing.
Developers in India have failed to install 680MW of solar PV projects that were due to be commissioned by December 2015 because of project delays, according to consultancy firm Bridge to India.
India’s fiercely competitive solar auctions have driven bids down to another surprise low with Finland-based developer Fortum Finnsurya Energy winning 70MW capacity in Rajasthan at a price of INR4.34/kWh (US$0.064), which is a drop of more than a 6% from the previous Indian record of INR4.63/kWh.
Around 20 bidders have entered the frame for the latest 800MW phase of Dubai’s flagship solar project, according to the Middle East Solar Industry Association.
