Gigawatt dreams
Indian market update: After over two years of policy deliberations and growing pains, India is finally seeing solar installations in meaningful numbers. However, financing is proving to be a big problem on the back of low bids. Quality issues are also being raised. Raj Prabhu, Managing Partner of Mercom Capital Group provides an update.
Will India join the ‘Gigawatt Club’ this year? Having got off to a slow start, PV installations are quickly accumulating. The country’s solar market is primarily driven by the national government’s Jawaharlal Nehru National Solar Mission (JNNSM), which aims to install 20 GW of solar by 2022, in addition to other state policies. At the …
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