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India's Solar Rush: Chinese Firm Keen to Set up Solar Power Plants in India

News

Corporate honchos from 16 Chinese firms have offered to set up solar energy plants in India and are holding discussions in this regard with authorities in Gujarat, Tamil Nadu and Rajasthan. 

Source: ET

SNP Insight

The ambitious solar power generation target of 100 GW by 2020 coupled with ease in government policies and regulatory framework has now attracted Chinese firms for solar power installation in India. The interim benefits that could be reaped are highly aggressive bids from Chinese developers. Apart from this the exisiting Indian Solar power developers can face the stiff heat of competition in solar power market, with squeezing margins with more emphasis on higher efficiencies.

Source: SNP Infra Research