Stuck in second gear
India market update: Raj Prabhu of Mercom Capital examines the current state of the Indian solar PV market and discovers an industry that has stalled in the wake of domestic content disputes, yet still has enough in the tank to get back up to speed.
Solar installations in India totaled 1,004 MW in 2013 compared to 986 MW in 2012. In line with our forecast, there was barely any growth in installations year-over-year.A detailed survey of the market reveals that growth in installations might be elusive again in 2014, with numbers forecast to be similar to 2012 and 2013. Some of the …
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