Featured in Phoenix rising – 03-2013

Tied up in knots

Indian solar market update: India’s antidumping investigations are introducing unwanted uncertainty to its solar market. Raj Prabhu, Managing Partner of Mercom Capital Group, provides an overview of the first quarter 2013 and the current Indian state policies.

India installed 908 MW in 2012, slightly lower than our forecast of 1,090 MW. This was largely due to delays in Gujarat to commission 144.5 MW of PV projects; most states missed their Renewable Portfolio Obligation (RPO) goals as enforcement is almost non-existent. Cumulative installations to date in India now stand at over 1.2 GW. …

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