India will soon unveil a solar PV manufacturing policy with manufacturers expected to be able to receive Viability Gap Funding (VGF) support via a bidding process, according to an industry consultant.
Capacity for a solar park in the Indian state of Gujarat has been awarded to four companies in the latest National Solar Mission (NSM) auction after changes to VGF funding garnered more interest from developers.
Indian conglomerate Adani Group has become the leading solar developer in India in terms of commissioned and pipeline capacity after winning all 100MW of solar capacity available in the latest auction from the state of Chhattisgarh, according an industry analyst.
India’s latest 400MW solar auction saw limited competition compared to recent tenders with just six bidders for the PV capacity in an Andhra Pradesh solar park.
