29 Aug '12, 2pm

India Plans Auction to Double Solar Power Capacity

Of the 3,000 megawatts of solar plants proposed to be built starting in 2013, contracts for “1,000 megawatts or a little less” may be tendered in the first batch, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy , said yesterday in a phone interview from New Delhi. The plan provides some guidance to solar utilities and manufacturers, which have said India must demonstrate a reliable pipeline of projects to draw the investment needed to meet its targets. India is aiming for 20,000 megawatts of solar power by 2022 and most of the country’s existing capacity of 1,040 megawatts was built in the past year. “Predictable demand is probably the most important factor for us in the creation of additional manufacturing capacity,” Sujoy Ghosh, country head of First Solar Inc., the world’s biggest thin-film panel maker, said in an interview this month. Of the e...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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