The fate of almost 1,000 megawatt of solar power capacity in India’s solar programme hangs in balance even after a month and a half since US-based SunEdison declared bankruptcy.
Despite this the Ministry of New & Renewable Energy is confident of meeting its targets of adding 12,000 MW of capacity in 2016-17 and 15,000 MW of capacity in 2017-18. India’s total installed solar power capacity stands at around 6,998 MW as on April 30. “There are no stranded projects as of now. The only doubt is whether SunEdison’s projects will take off or not. We are still waiting for clarity from the company on the same. Even if they are unable to commission their projects, we would always have the option of bidding them out again,” said a senior official of the Ministry of New & Renewable Energy. SunEdison has 450 MW of solar projects already operational, but uncertainty is more over the yet to be commissioned 1000 MW. The company on its part has been maintaining that it is committed to India projects but is open to selling some stake in them.