Wheels keep on turning
India update: As cumulative solar installations in India cross 8 GW, optimism is tempered somewhat by persistent challenges that the industry must still face, writes Raj Prabhu, CEO and cofounder of Mercom Capital Group.
India has reached 2.8 GW in solar installations year-to-date, and cumulative installations have reached 8.1 GW as of August 2016. Mercom forecasts about 4.8 GW of solar to be installed in calendar year 2016, a slight decline from our last forecast due to some projects getting moved to 2017. The solar project pipeline in India is now approximately …
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