Mercom Capital today said the country has seen installation of 734 MW solar power capacity so far this year, taking the overall installed capacity to more than 3,000 MW.
"However, 2014 will be a disappointment with calendar year installations forecast at about 800 MW, a 20 per cent drop year-over-year.
"Land acquisition delays due to elections and uncertainty caused by the anti-dumping case contributed to a slowdown in installations," it said in a statement.
In 2015, however, the solar capacity addition is projected to more than double to 1,800 MW, it added.
Mercom Capital is a global clean energy communications and consulting firm.
"The Indian solar industry is visibly upbeat since the elections and especially after getting past the anti-dumping case," Mercom Capital Group CEO and Co-Founder Raj Prabhu said.
According to him, recent cancellations of coal mining licences by the Supreme Court amid rising coal imports and increasing costs, and continuing power shortages have all contributed to the positive momentum in the solar sector.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
