Indian Solar Quarterly Market Update – Forecasting a Better 2014 after a Lackluster Year

Indian SolarIt has been a quiet year for the Indian solar sector, with installations at 900 MW so far this year and final numbers forecasted to be similar to last year. With 420 MW of CSP projects missing commissioning dates, India is not likely to register any significant year-over-year installation growth for 2013, even as global solar market is forecasted to grow ~20%.

The guidelines and requests for selection (RfS) have finally been published for Phase II Batch I, for 750 MW of PV projects. Unfortunately, India has decided to include domestic content requirements for half (375 MW) of PV projects, which may be enough to cause a trade dispute but not enough to help domestic manufacturers. It is an unnecessary risk that raises uncertainty with minimal reward. Read more

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