The market will grow “significantly” this year, with roughly 2GW of fresh capacity  expected in the first quarter alone, the research firm said.

“The government’s ambitious plan to ramp up capacity addition for utility-scale projects from 1GW per year until last year to 7.2 GW planned in the next financial year, now seems plausible,” it added.

“Additions in 2017 will surpass capacity additions in 2016, catapulting India to become one of the key global markets for at least the next two years.”

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