Tepid sentiment among developers to weigh on solar power capacity: Report

CRISIL expects solar capacity addition at 48-50 Gw from FY19 to FY23

Tepid sentiment among developers is likely to weigh on solar power capacity addition. The sentiment has been hurt by a lack of clarity on several policy issues and arbitrary bid cancellations, which is contrary to a supportive policy stance from the government, a study by CRISIL Research says.

According to the study, solar capacity is set to be augmented by 48-50 Gw between FY19 and FY23.

Between FY17 and FY19, some risks to implementation of future projects surfaced though projects were commissioned apace.

“There were frequent bid cancellations, lack of clarity on GST procedures, and cost pressure from the imposition