Low tariffs but a hot market
India update: Interest in the National Solar Mission has never been greater, but this hot market is pushing solar tariffs to record and some believe, unviable lows, writes Raj Prabhu of Mercom Capital. Across the country, most states are pressing ahead with tenders and new policies that are slowly transforming Indias energy landscape.
There has been increased activity in the Indian solar sector over the past quarter, with tenders and auctions beginning to occur more frequently along with some important policy announcements. Year-to-date (YTD) solar installations have reached 1,652 MW with cumulative solar installations totaling 4,816 MW. Mercom Capital expects 2015 calendar year installations to total approximately 2,150 …
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