India had its highest ever capacity of solar projects allocated or at various stages of development by the end of Q1 this year, suggesting a significant pick-up in installation activity over the next two years, according to a report from consultancy firm Bridge to India.
In the ‘India Solar Compass 2019 Q1’ report, however, the consultancy said that a surge in tender issuances is still not being matched by actual project allocations. During the first quarter of the year, 19 new utility-scale solar tenders with a combined capacity of 15,733MW were issued (up 2% from Q4 2018), but only 3,697MW of capacity was successfully allocated.