The Ministry of New and Renewable Energy (MNRE) in India has come out with its most ambitious capacity addition target yet, for 16,600 MW of renewables added this fiscal year. According to MNRE, during the current fiscal year, solar capacity is expected to reach its largest-ever capacity addition target of 12,000 MW, followed by wind (4,000 MW), bio-power (400 MW), small hydro (250 MW), and waste-to-power (10 MW). The announcement by the Ministry is confirmation…