The company also informed that India has witnessed installation of 980 MW in 2012, which was a bit lower than the expected figure of 1,090 MW.
Worldwide, solar power is being embraced in a big way and India is not too far behind in the race. Mercom Captial Group, a clean energy consulting company has said that India is likely to see additional installation of 1300 MW to 1400 MW of solar power this year.
The company also informed that India has witnessed installation of 980 MW in 2012, which was a bit lower than the expected figure of 1,090 MW. Raj Prabhu, company CEO and co-founder added, “The difference was largely due to delays in Gujarat to commission 144.5 MW of PV projects. Moreover, most states missed their renewable portfolio obligations (RPO) goals as enforcement is almost non-existent.” He further added that in 2013, India is likely to install another 1,300-1,400 MW in 2013.
The biggest factors of this growth is the Jawaharlal Nehru National Solar Mission (JNNSM), which has a goal to install 20,000 MW of solar power by 2022 along with various state policies and state RPOs (renewable portfolio obligations), reported Zee News.
Mercom Capital also highlighted that the global solar installation numbers for 2012 are likely to be in the 30-32 GW range, and in 2013 solar installations would likely touch 34.5 GW.
The markets that were driving growth last year were Germany, Italy, China, France, Japan, United States, India, UK along with Greece, Bulgaria, Belgium and Australia who were also big contributors.
Prabhu also added that, “Based on current forecasts it looks like the significant share of installations in 2013 will come from emerging solar markets like China, Japan and India.”
Talking about the anti-dumping initiative, a Mercom report on India Solar Market stated that the Indian solar programme was gaining momentum until it initiated the anti-dumping investigation against China, Malaysia, Taiwan, and the US relating to the import of solar cells. The company feels that it is too early for the market to start a trade war of sorts. Prabhu added, “For a solar market still in its infancy, starting a trade war could become a costly distraction when the focus should be to encourage new technologies, competition and free markets.”
