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India's solar financing may have peaked for now at $10 billion in 2017: consultancy

Reuters  |  NEW DELHI 

By Krishna N. DasNEW DELHI (Reuters) - India's solar industry more than doubled its fund raising to $10 billion in 2017, clean energy consultancy Mercom said, but activity is likely to slow this year as New Delhi plans to slap high tariffs on imports.Prime Minister Narendra Modi has set a target of raising India's solar power generation to 100 gigawatt (GW) by 2022, five times current levels. The government says India will need to raise at least $125 billion to reach its goal of generating 175 GW of energy from all renewable sources in five years.New large-scale and rooftop solar ...

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First Published: Tue, March 13 2018. 17:10 IST