Mercom projects India’s solar power installation for 2015 at 1,800 MW

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Solar installations in India during the calendar year 2014 totaled 883 MW, down 12 per cent compared with 1,004 MW installed in 2013, according to Mercom Capital Group.

In its quarterly update on the Indian solar market, Mercom said the 2015 forecast is unchanged at approximately 1,800 MW with some upside.

The Indian solar industry remains positive as solar programmes are being announced with increased frequency and the installation goal continues to grow.

Solar installation goal

The 100 GW solar installation goal set recently by the Modi government has thrilled the sector, but the industry is pragmatic and realises that while 100 GW looks great on paper, the last five years have resulted in only 3,000 MW in solar installations, with last year’s installations at less than 1 GW.

“Most of the industry is confused as they are constantly bombarded with new policies, goals, drafts and revisions,” said Raj Prabhu, CEO and Co-Founder of Mercom Capital Group.

“The last time the National Solar Mission conducted a solar auction was in October 2013 – the industry just wants to see execution,” he added.

Source: The Hindu Business Line

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