India May Auction 1 Gigawatt to Double Solar Capacity
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India may auction a third of the solar projects planned by 2017 in the current financial year to double the nation’s sun-powered capacity as it seeks additional clean-energy investments to combat power shortages.
Of the 3,000 megawatts of solar plants proposed to be built starting in 2013, contracts for “1,000 megawatts or a little less” may be tendered in the first batch, Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said yesterday in a phone interview from New Delhi.