Bridge’s new renewable energy capacity would rise by 50% in 2019 to 15.8 GW, according to a report by consultancy firm India to Bridge, after a year when investors discovered lower returns than expected and confusion over a tax policy hampered growth. The report said more than 30 developers were expected to start work on utility scale solar schemes. Apart from ground-based and rooftop schemes there could also be a rise in the number of floating solar projects and wind power schemes. Bridge wanted 100 GW of renewable energy by 2022.
India’s new renewable energy capacity would rise by 50% in 2019 to 15.8 GW, according to a report by consultancy firm Bridge to India, after a year when investors discovered lower returns than expected and confusion over a tax policy hampered growth. The report said more than 30 developers were expected to start work on utility scale solar schemes. Apart from ground-based and rooftop schemes there could also be a rise in the number of floating solar projects and wind power schemes. India wanted 100 GW of renewable energy by 2022.