Adani Group unit emerges as most prolific solar company in last one year, says report

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New Delhi | Updated: September 9, 2016 8:00:45 AM

India’s solar power capacity grew over 80% to 8.1 gigawatt (GW) in the 12-month period ended August 31, 2016, renewable energy consulting firm Bridge to India said in a statement on Thursday.

Adani Group’s green energy subsidiary emerged as the most prolific company with 460 megawatt (MW) added in the last one year. (Reuters)Adani Group’s green energy subsidiary emerged as the most prolific company with 460 megawatt (MW) added in the last one year. (Reuters)

India’s solar power capacity grew over 80% to 8.1 gigawatt (GW) in the 12-month period ended August 31, 2016, renewable energy consulting firm Bridge to India said in a statement on Thursday. Of the 3.6-GW capacity added in this period, three-fourths of the capacity has come from four southern states with Tamil Nadu taking the top spot among them.

Adani Group’s green energy subsidiary emerged as the most prolific company with 460 megawatt (MW) added in the last one year. Acme and Welspun followed Adani in commissioning projects. “Going forward, Adani and Acme are likely to continue to be dominant players as they have large pipelines of about 1.3-1.4 GW each,” Bridge to India said. An additional 14.8 GW of projects are under development with the majority (56%) of pipelines in Karnataka, Andhra Pradesh and Telangana.

Canadian Solar ranked No. 1 in total installations in the last year followed by Trina and First Solar. According to the report, eight of the top 10 module suppliers in the Indian market are now from China, as against just four out of top 10 in the previous year.

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