‘India likely to add 4.8 GW solar power capacity this year’

By
Daily Excelsior
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NEW DELHI, Sept 4:
Solar power generation capacity of 4.8 GW is likely to be added this year in the country as installations are picking up, says a report.
The report by Mercom Capital Group also said that power distribution companies continue to be a “drag” since they are showing reluctance to buy solar energy amid low electricity prices.
“India has reached 2.8 GW in solar installations year-to-date and cumulative installations have reached 8.1 GW as of August 2016,” it said in a release.
As per its forecast, about 4.8 GW of solar energy capacity is expected to be installed in 2016. (PTI)


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