Subsidies for Indian cell and module manufacturers are being hampered by delays, as shown by data from the Department for Electronics and Information Technology.
India is expected to become a “key pillar” for solar demand growth, while growth from leading nations including China, Japan and possibly the US declines, according to the latest update from consultancy firm Bridge to India.
Tariffs for utility-scale solar power in India are expected to go below the four rupee (US$0.059) mark next year, which would be a “radical moment” for India’s entire power sector, according to consultancy firm Bridge to India.
Indian rooftop solar tariffs are expected to reach an all-time low under Solar Energy Corporation of India’s (SECI’s) latest 1GW rooftop tender, according to forecasts from consultancy firm Bridge to India.
The rooftop solar market in India has grown at a CAGR of 98% in the last four years. As of 30 September 2016, total installed capacity stands at 1,020MW. Bridge to India's Jyoti Gulia looks at both the causes and the path ahead.
India may be falling short of its aspirational renewable energy targets, but strong installation progress and rates of growth, particularly in solar, are buoying the sector.
Many Indian solar PV projects are performing poorly because intense pressure to reduce costs is leading to developers and contractors selecting poor quality components with sub-optimal designs, according to consultancy firm Bridge to India.
A shock demonetisation policy across India giving its population just 50 days to swap various cash notes for newly printed legal tender should not affect the solar industry, but there are accounts of other "unethical practices" in the sector, according to consultancy firm Bridge to India.
