Monday, September 16, 2013: India has witnessed a total of 622MW of solar power installations in the initial seven months of the year 2013 with just 73MW installations in the previous three months. The global clean energy communications and consulting firm, Mercom Capital Group, Limited Liability Company stated that country’s decision to seek anti-dumping investigations and domestic content requirements is responsible for paralysing the sector. Moreover, slow rate of growth coupled with high interest rates along with falling rupee has added to the woes of the solar companies.
According to its forecast, India will possibly touch 1GW in 2013 that is flat, yearly basis. Indian solar installations has witnessed growth thanks to the Jawaharlal Nehru National Solar Mission (JNNSM) and other different state policies and State RPOs. JNNSM has set a goal to install 20GW of solar power by the year 2022.
The company Mercom has emphasized on the forecast with respect to its global photovoltaic installation of approximately 38GW for the year 2013, which indicates a 23 per cent growth on a yearly basis. Moreover, its recent analysis showed an improvement in conditions of solar market. Solar market is seen as an emerging market and therefore promises growth in the coming future.
