Google– Solar Capacity Growth: India saw a 47% decrease, installing 5.6 GW of new solar capacity in the first 9 months of 2023, totalling over 69 GW cumulative capacity by September.
– Project Extensions:
The Ministry extended completion timelines for pre-March 9, 2021, projects, considering COVID-19 delays and customs duty impacts on imported solar components.
– Bidding & Waivers:
New bidding guidelines were introduced for fair procurement, while waivers for domestic content requirements and ALMM were extended to support solar projects.
– Bidding Trajectory: MNRE outlined a 50 GW bidding calendar for renewable projects in 2023-24, allocating capacities to different agencies.
Originally published on Mercom India