Solar is Plunged at 52% in India

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Solar installations in India plunged 52 percent to 1,599 MW during the second quarter of 2018, mainly due to uncertainties around trade cases and module price fluctuations, says a report.

According to Mercom India Research’s ‘Q2 2018 India Solar Market Update’, the installations stood at 3,344 MW during the first quarter.

“The drop in solar installations in Q2 2018 after four consecutive quarters of growth was expected and can be attributed to uncertainties around trade cases, module price fluctuations, and PPA renegotiations after record low bids, which contributed to a slowdown in tenders and auctions in 2017.

“All of this resulted in a weaker project pipeline for 2018,” said Raj Prabhu, CEO, and Co-Founder of Mercom Capital Group.

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