India's solar installations will fall by 22% to 7.5GW in 2018

Mercom Communications India, a subsidiary of Mercom Capital Group, expects India's solar installations to fall 22 per cent to 7.
5 GW
in 2018.

India's solar installations will fall by 22% to 7.
5GW in 2018

After a very strong year of growth, the solar industry is now mired in an uncertain environment
.
With three different tariffs – defence duty, anti-dumping duty and port duty – the industry now needs to weather the storm
.
Raj Prabhu, CEO and co-founder of Mercom Capital Group, said in a statement that not only the tariffs themselves, but also the uncertainty about the future have left the industry in a very difficult position
.

Prabhu said government agencies need to address these issues quickly to keep investors positive.

"Total solar installations are 123%
higher than the 4,313 MW added in 2016," the report said.
As of December 31, 2017, India's cumulative installed solar capacity increased to 19.
6 GW
.
”

Mercom found that large-scale solar projects accounted for the majority of installations in 2017, accounting for about 90 percent, with the remaining 10 percent coming from rooftop solar installations
.

As of December 31, 2017, approximately 10.
6 GW of large-scale solar projects were under construction and another 4.
3 GW of tenders were awaiting auction
.

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