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India's Solar manufacturing to grow with Rs 1 lakh crore Capex
The Business Guardian
|December 20, 2024
India's solar equipment manufacturing capacity is poised for healthy growth over the next 2-3 years, entailing a capex of nearly Rs 1 lakh crore, asserted CareEdge Ratings.
Of that Capex, an estimated debt funding of nearly Rs 70,000 crore is expected over the medium term, including investments in polysilicon and wafer capacities, the rating agency said in a report Thursday.
India's renewable energy capacity stood at 155 Gigawatt as of September 2024, with the solar segment being the largest contributor at 91 GW, thanks to significant capacity additions over the past 7-8 years.
The rising share of renewable energy capacity is due to strong policy focus, improving tariff competitiveness, and strong investor interest.
Dit verhaal komt uit de December 20, 2024-editie van The Business Guardian.
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