'India's solar generation capacity crosses 3,000 MW'

Image
Press Trust of India New Delhi
Last Updated : Nov 19 2014 | 4:56 PM IST
India's solar power generation capacity has crossed 3,000 MW even as overall capacity addition this year is expected to be lower at about 800 MW than seen in 2013, according to a report.
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.
Last year, capacity addition was little over 1,000 MW.
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.
The government is making efforts to increase power generation from renewable sources, especially solar energy.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 19 2014 | 4:56 PM IST

Next Story