India to see 900 MW solar capacity addition this year: Report
NEW DELHI: India is projected to see a solar power capacity addition of 900 MW this year as uncertainty over anti-dumping levy proposal, among other factors, slowed installation growth, says a report.
The latest projection from Mercom Capital Group is slightly lower than 1,000 MW estimated by it in May.
Revising its solar capacity addition forecast to 900 MW for this year, Mercom said: “delays caused by the elections and uncertainty that surrounded the anti-dumping case have slowed installation growth”.
However, Mercom said that it appears 2014 would be the third consecutive year solar installations will come in around the 1 GW mark. So far this year, about 500 MW capacity has been added, it said in a statement.
In the last three months, major factors that impacted domestic solar market include general elections, anti-dumping case and the recent release of draft guidelines for Phase II, Batch 2 of the Jawaharlal Nehru National Solar Mission ( JNNSM).
On August 22, the deadline lapsed for the proposed imposition of anti-dumping duties on cells and modules manufactured in China, Taiwan, Malaysia and the US. As a result, there would be no anti-dumping levy on solar components imported from these nations.
Mercom Capital Group CEO and Co-Founder Raj Prabhu said that although the anti-dumping case affected short-term outlook on installation growth, the end result was good and the new NDA administration was able to take decisive action.
The pragmatic, big picture decision would remove uncertainty and help put the solar industry back on track for sustainable, long-term growth, he added. The group is a global clean energy communications and consulting firm