India may reach total solar PV capacity of 50 to 75 GW by 2022 – a little over 60% of the 100 GW target set by the government, reveals India Re CEO Survey 2018 by Bridge to India. Possible reasons for missing the target include the duties threat, falling tariffs, weak power demand and various policy challenges. Total rooftop solar capacity is expected to reach less than 10 GW, which is only about 25% of the target.
Notwithstanding the ongoing safeguard duty investigation and the government’s ‘Make in India' push, the industry is pessimistic about module manufacturing prospects in India. Sixty-one percent of the survey respondents believe that the country will have less than 3 GW of integrated manufacturing capacity by March 2022.
The survey was conducted among top executives of over 40 Indian and international companies. The participants were chosen across the value chain and included equipment manufacturers, project developers, engineering, procurement, and construction (EPC) teams, and financiers.
Read the full article on pv magazine India.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.