Solar Power in India: 2018 in Review & What 2019 Has in Store :
4,844  members and growing...
  
  • pic1
  • pic2
  • pic3
  • pic4
  • pic4
  • pic4
  • pic4
  • pic4
   
News

Solar Power in India: 2018 in Review & What 2019 Has in Store :

India is expected to add 10GW of solar capacity in 2019 which should help boost India's overall renewable energy share cross 10per cent by 2020

Solar Power in India: 2018 in Review & What 2019 Has in Store :
2018 was a good year for the Indian solar sector. Having said that, there have been hurdles along the way which slowed down the pace of the industry and prevented it from being a great year. The first quarter saw an increase of 3,344 MW installed solar capacity, and according to the latest report from Mercom India Research, and India has been forecasted to install approximately 8 GW of solar capacity in the entire calendar year.

On the flip side, policy level changes and obstacles in the overall implementation of solar-related guidelines proved to be a speed breaker.

Causes Behind the Slump

Policy-Level Problems-In last year, there was little momentum in terms of solar capacity addition. While the first quarter of 2018 was extremely positive, the third quarter only resulted in 1589 MW addition, a 4 per cent decline when compared to 1,659 MWs installed in Q2. One of the significant setbacks was the safeguard duty levied on the import of solar cells and panels from countries such as China, Malaysia and many other nations. In a move to protect local manufacturers and small enterprises that have been manufacturing solar cells and panels. The safeguard duty, structured at 25per cent for one year, 20per cent for the next six months, and 15per cent for the subsequent six months, have hit the industry hard, as it has increased costs for solar developers. Furthermore, the cap of INR 2.5 per unit imposed for solar projects by MNRE has had a negative impact on the industry growth.

The data is compiled from : https://www.entrepreneur.com



For More Details, Please Read: https://www.entrepreneur.com/article/326677