Multiple challenges
India: Cumulative solar capacity now stands at around 1,040 MW, of which 830 MW were installed this year. Despite the crossing of the 1 GW milestone, there are still many challenges facing the Indian solar industry, including missed project deadlines and high inflation. Mercom Capital Groups Raj Prabhu provides an update on the market and its various state incentive programs.
This year, India crossed the symbolic milestone of 1 GW of installed solar capacity. At the time of this update, cumulative installations stood at approximately 1,040 MW. Of this, 830 MW have been installed in 2012, with most projects – 585 MW – located in Gujarat. However, while India has overcome many growing pains, there …
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