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International consulting firm Mercom Capital Group recently announced that India's solar installation reached a record 9,629 MW in 2017, more than
double the installed volume in 2016.
By the end of 2017, India's installed solar capacity had reached 19.
6 GW
.
However, Mercom expects a slowdown in 2018, with growth expected to decline by 22% to 7.
5GW.
CEO Raj Prabhu said the industry is currently facing uncertainty after a strong year: factors such as safeguards, anti-dumping and ports
.
The industry must now weather the storm
.
Prabhu said, "If the trade dispute can be resolved quickly and the market is finalized, I believe India may continue to be the top three solar markets
in the world for many years to come.
" ”
Mercom said the 2018 forecast reflects fewer
projects scheduled to be completed this year due to less robust tender activity in 2017.
Although tender activity accelerated at the end of 2017, most of these projects are unlikely to be operational
before 2019.
Mercom expects the Indian solar market to return to growth in 2019, surpassing 2017 levels
.
In 2017, solar accounted for 45%
of India's new installed capacity.
Of the increased solar capacity, 8,634 MW is large-scale power generation systems and 995 MW of rooftop solar
.
Mercom said that despite the strong performance, many completed projects could not be put into service
before the end of the year due to evacuations and delays in grid connections.
In addition, by the end of 2017, there were about 10.
6 GW of utility-scale solar projects under development in India and another 4.
3 GW of projects awaiting tender
.
International consulting firm Mercom Capital Group recently announced that India's solar installation reached a record 9,629 MW in 2017, more than
double the installed volume in 2016.
By the end of 2017, India's installed solar capacity had reached 19.
6 GW
.
However, Mercom expects a slowdown in 2018, with growth expected to decline by 22% to 7.
5GW.
CEO Raj Prabhu said the industry is currently facing uncertainty after a strong year: factors such as safeguards, anti-dumping and ports
.
The industry must now weather the storm
.
Prabhu said, "If the trade dispute can be resolved quickly and the market is finalized, I believe India may continue to be the top three solar markets
in the world for many years to come.
" ”
Mercom said the 2018 forecast reflects fewer
projects scheduled to be completed this year due to less robust tender activity in 2017.
Although tender activity accelerated at the end of 2017, most of these projects are unlikely to be operational
before 2019.
Mercom expects the Indian solar market to return to growth in 2019, surpassing 2017 levels
.
In 2017, solar accounted for 45%
of India's new installed capacity.
Of the increased solar capacity, 8,634 MW is large-scale power generation systems and 995 MW of rooftop solar
.
Mercom said that despite the strong performance, many completed projects could not be put into service
before the end of the year due to evacuations and delays in grid connections.
In addition, by the end of 2017, there were about 10.
6 GW of utility-scale solar projects under development in India and another 4.
3 GW of projects awaiting tender
.
