Solar installations in India likely to fall 22 percent in 2018

Solar installations in India are expected to fall by 22 per cent to around 7.5 GW in the 2018, Mercom Communications India, a subsidiary of Mercom Capital Group has said.

Mercom forecasts total installations to fall by 22 per cent year-on-year to approximately 7.5 GW in 2018, it said in a report.

“After a very strong year the sector now finds itself beset with uncertainty. There are three different types of duties – safeguard, anti-dumping, and port – that the industry now has to wade through. More than the duties themselves, it is the uncertainty of not knowing what is coming and when that has left the industry in a very tough spot,” Mercom Capital Group CEO and Co-Founder Raj Prabhu said in a statement.