{"id":11233,"date":"2019-03-04T09:04:03","date_gmt":"2019-03-04T08:04:03","guid":{"rendered":"https:\/\/www.sonnenseite.com\/energy\/india-installs-8-3-gw-of-solar-in-2018.html"},"modified":"2019-03-04T09:04:03","modified_gmt":"2019-03-04T08:04:03","slug":"india-installs-8-3-gw-of-solar-in-2018","status":"publish","type":"post","link":"https:\/\/www.sonnenseite.com\/en\/energy\/india-installs-8-3-gw-of-solar-in-2018\/","title":{"rendered":"India Installs 8.3 GW of Solar in 2018"},"content":{"rendered":"<div class=\"col-xs-12 col-sm-6 col-md-6 col-lg-6\">\n<div class=\"page-sub-title\">Solar accounted for 50.7 percent of the new power capacity added in 2018<\/div>\n<\/p><\/div>\n<\/p>\n<p> <!--more--> <\/p>\n<p>The Indian solar market installed 8,263 MW in 2018, down 15.5 percent  compared to 9,782 MW in 2017 as the safeguard duty, GST issues, and  land and transmission issues took a toll on the large-scale  installations, according to Mercom India Research&rsquo;s newly released <a href=\"https:\/\/mercomindia.com\/product\/solarinstallations-q4-2018\/\" target=\"_blank\" rel=\"noopener noreferrer\">Q4 &amp; Annual 2018 India Solar Market Update<\/a>. Rooftop solar meanwhile had an impressive year.<\/p>\n<p>Q4  2018 installations added to 1,638 MW, up three percent  quarter-over-quarter from the 1,589 MW installed during Q3 2018.  Installations were down about 52 percent year-over-year (YoY) compared  to 2,491 MW installed in Q4 2017.<\/p>\n<ul>\n<li>&ldquo;To succeed in the  Indian solar market, companies need to play the long game. For the first  time in India&rsquo;s history, solar made up over 50 percent of new power  capacity in 2018. We will continue to see a steady shift toward solar as  prices continue to drop. This is going to be the new normal as coal  plants continue to shutter,&rdquo; commented Raj Prabhu, CEO and co-founder of  Mercom Capital Group.<\/li>\n<\/ul>\n<p>Rooftop installations in 2018  totaled 1,655 MW a strong 66 percent year-over-year growth. Cumulative  rooftop solar installations have reached 3,260 MW and still only make up  12 percent of the total solar installations in the country. In terms of  annual growth, rooftop solar continues to be a bright spot, as  commercial and industrial entities see rooftop solar as a viable way to  combat higher power tariffs. However, Financing rooftop installations  could be a challenge in 2019 as Indian banks face a liquidity crunch  with many banks hitting the exposure limits to the power sector.<\/p>\n<p>Karnataka topped the list of states with newly added large-scale  solar capacity in 2018 followed by Rajasthan, Andhra Pradesh, Tamil  Nadu, and Maharashtra. Together these five states accounted for 81  percent of large-scale installations in the year.<\/p>\n<ul>\n<li>The  report found that, &ldquo;Solar parks continue to face issues in providing  clearly demarcated ready land for project development, causing undue  delays and pressure on the developers who end up having a shorter  timeline to complete the project and the fear of having to pay penalties  due to no fault of their own. Government agencies have continued to  tender and auction without making sure land, and transmission  infrastructure are ready, and it is up to the developers to do the  necessary due diligence and understand the risk profile before  participating in the auctions.&rdquo;<\/li>\n<\/ul>\n<p>The market is adjusting to the safeguard duty regime, but much will  depend on Chinese solar policy and installation goals going forward. Any  increase in installation targets in China will tighten supplies and  harden module prices while oversupply and module price declines could  result if China decides to pull back on its solar installation targets.<\/p>\n<ul>\n<li>&ldquo;Tariff  caps and retroactive cancellation of solar auctions have been the  biggest concerns in the investment community,&rdquo; added Prabhu.<\/li>\n<\/ul>\n<p><strong>Key Highlights from the report:<\/strong><\/p>\n<ul>\n<li><em>India added 8,263 MW in new large-scale and rooftop solar capacity in CY 2018, in line with Mercom&rsquo;s forecast. <\/em><\/li>\n<li><em>Of  the total installed capacity in 2018, large-scale projects accounted  for 6,608 MW (23 percent decline yoy) and rooftop installations came to  1,655 MW (66 percent yoy growth).<\/em><\/li>\n<li><em>Cumulative installed  solar capacity in India reached 27.9 GW at the end of December 2018. Of  this, cumulative rooftop solar installations amounted to 3,260 MW.<\/em><\/li>\n<\/ul>\n<ul>\n<li><em>Solar accounted for 50.7 percent of the new power capacity in 2018.<\/em><\/li>\n<li><em>Renewable  energy capacity additions continue to increase at a significant pace in  India, accounting for approximately 22 percent of India&rsquo;s power  capacity mix cumulatively.<\/em><\/li>\n<li><em>In 2018, investments in the Indian solar sector was 15 percent lower compared to the previous year.<\/em><\/li>\n<\/ul>\n<p>Get the full report: Mercom India Research&rsquo;s <span style=\"text-decoration: underline;\"><a href=\"https:\/\/mercomindia.com\/product\/solarinstallations-q4-2018\/\" target=\"_blank\" rel=\"noopener noreferrer\">Q4 &amp; Annual 2018 India Solar Market Update<\/a>.<\/span><\/p>\n<div class=\"article-images\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"349\" src=\"https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2019\/03\/Mercom_India-Solar-Installations.jpg\" class=\"alignleft\" alt=\"mercomindia.com\" srcset=\"https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2019\/03\/Mercom_India-Solar-Installations.jpg 770w, https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2019\/03\/Mercom_India-Solar-Installations-300x164.jpg 300w, https:\/\/www.sonnenseite.com\/wp-content\/uploads\/2019\/03\/Mercom_India-Solar-Installations-768x419.jpg 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n<h5 class=\"green\">Source<\/h5>\n<p><a href=\"https:\/\/mercomindia.com\/india-installs-8-3-gw-solar-2018\/\" target=\"_blank\" rel=\"noopener noreferrer\">MERCOM India 2019<\/a><\/p>\n<div class=\"shariff shariff-align-flex-start shariff-widget-align-flex-start\"><div class=\"ShariffHeadline\">Diese Meldung teilen<\/div><ul class=\"shariff-buttons theme-round orientation-horizontal buttonsize-medium\"><li class=\"shariff-button facebook 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