Solar Park based projects in India: Execution Challenges

Solar parks were seen as an effective way to de-risk a project, with land and transmission infrastructure being developed by either the solar park developer or state nodal agency and project developers free to focus on project development. This plug and play model of project development has proven successful with 10.6 GW of solar capacity allotted across solar parks, as of February 2019. Solar park tenders have also witnessed active participation from foreign developers and an improved risk profile has led to record low tariffs in the Indian solar sector.

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