echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > Mercom lowered its 2018 PV installation forecast for India to 8.3 GW

    Mercom lowered its 2018 PV installation forecast for India to 8.3 GW

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Clean energy research firm Mercom India Research said that the Indian solar industry saw a significant decline in capacity growth in the second quarter, with PV installed capacity expected to fall to 8.
    3 GW
    for the full year of 2018.

    The forecast decline is due to a drop in electricity prices to Rs 2.
    44 per kWh and a slowdown
    in the domestic tender program due to India's safeguard duty on solar equipment imported from China and Malaysia.
    On the other hand, the collection of safeguard tax has brought uncertainty to both the policy and the market, thus affecting the development of
    the project.

    According to Raj Prabhu, CEO and co-founder of Mercom Capital Group, the market is expected to stagnate for the next three to six months, which will hinder the next tender schedule, while the 2019 solar installation is expected to remain unchanged
    .

    Solar capacity was 1,599 MW in the second quarter, compared to 3,344 MW in the first quarter of 2018 and 2,025 MW
    in the same period last year.
    The decline reflects uncertainties
    related to solar trade frictions, module price instability and the renegotiation of power purchase agreements (PPAs).

    According to Mercom India's quarterly solar market analysis, the total installed capacity of newly commissioned power stations is 1,599 MW, of which approximately 1,184 MW is a large installation, compared to 2,954 MW
    in January-March 2018.
    At the same time, rooftop photovoltaic (PV) production capacity increased by 84%
    year-on-year.
    Overall, 74% of the country's new solar parks were added to large-scale installations, while rooftop solar accounted for 26%.

    As of the end of June, India's cumulative installed PV capacity was 24.
    6 GW, of which about 90% came from large-scale solar power plants
    .

    Clean energy research firm Mercom India Research said that the Indian solar industry saw a significant decline in capacity growth in the second quarter, with PV installed capacity expected to fall to 8.
    3 GW
    for the full year of 2018.

    photovoltaic

    The forecast decline is due to a drop in electricity prices to Rs 2.
    44 per kWh and a slowdown
    in the domestic tender program due to India's safeguard duty on solar equipment imported from China and Malaysia.
    On the other hand, the collection of safeguard tax has brought uncertainty to both the policy and the market, thus affecting the development of
    the project.

    According to Raj Prabhu, CEO and co-founder of Mercom Capital Group, the market is expected to stagnate for the next three to six months, which will hinder the next tender schedule, while the 2019 solar installation is expected to remain unchanged
    .

    Solar capacity was 1,599 MW in the second quarter, compared to 3,344 MW in the first quarter of 2018 and 2,025 MW
    in the same period last year.
    The decline reflects uncertainties
    related to solar trade frictions, module price instability and the renegotiation of power purchase agreements (PPAs).

    According to Mercom India's quarterly solar market analysis, the total installed capacity of newly commissioned power stations is 1,599 MW, of which approximately 1,184 MW is a large installation, compared to 2,954 MW
    in January-March 2018.
    At the same time, rooftop photovoltaic (PV) production capacity increased by 84%
    year-on-year.
    Overall, 74% of the country's new solar parks were added to large-scale installations, while rooftop solar accounted for 26%.

    As of the end of June, India's cumulative installed PV capacity was 24.
    6 GW, of which about 90% came from large-scale solar power plants
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.