New Delhi: A steady decline in the price of solar modules since October 2022 will boost the internal rate of return (IRR) of 45 GW utility-scale solar projects awarded since fiscal 2021 and this, in turn, will propel solar capacity implementation to its fastest annual pace of 16 GW during the current financial year, according to a CRISIL report released on Tuesday. Implementation had slowed in 2021-2022 and 2022-2023 due to the Covid-19 pandemic-related disruptions and challenges stemming from the efforts to protect the Great Indian Bustard bird, for which extensions were given by the relevant authorities. That, along with an upsurge in module prices, had delayed execution, the report by th
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