Mercom Exclusive: Solar Park Costs on the Rise in India
May 9, 2017
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Solar parks are a vital piece to India’s solar future and were designed to reduce bottlenecks and bring down large-scale project development costs by allocating land and providing transmission infrastructure, big challenges for solar project development in India. The government recently doubled down and increased the proposed solar park capacity from 20 GW to 40 GW and is providing financial support to the tune of Rs.81 billion (~$1.23 billion) in Central Financial Assistance (CFA) and $100 million (~Rs.6.5 billion) from the World Bank.