India’s ongoing demonetization scheme, which has divided opinion globally, looks set to improve the finances of Indian distribution companies (Discoms) in what could be a boon to the solar sector, according to consultancy firm Mercom Capital Group.
The rooftop solar market in India has grown at a CAGR of 98% in the last four years. As of 30 September 2016, total installed capacity stands at 1,020MW. Bridge to India's Jyoti Gulia looks at both the causes and the path ahead.
India’s major package to try and turn around the finances of its distribution companies (Discoms) has yet to make a positive impact and has even worsened conditions for some companies, according to consultancy firm Mercom Capital Group.
India may be falling short of its aspirational renewable energy targets, but strong installation progress and rates of growth, particularly in solar, are buoying the sector.
Indian conglomerate Adani is considering setting up large-scale solar PV projects in Bangladesh as the firm’s renewable energy vision continues to expand outside of India.
Many Indian solar PV projects are performing poorly because intense pressure to reduce costs is leading to developers and contractors selecting poor quality components with sub-optimal designs, according to consultancy firm Bridge to India.
The regulator in the Indian state of Tamil Nadu has rejected Indian conglomerate Adani’s call for a revaluation of the tariffs it is set to receive for developing the world’s largest solar plant, Adani sources have told Mercom Capital Group.
Power Grid Corporation of India Limited (PGCIL) has sought loan assistance of US$1 billion from the Asian Development Bank (ADB), according to energy and mines minister Piyush Goyal.
