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Solar energy installations drop 15%, tariff caps biggest concern

The market is adjusting to the safeguard duty regime, but much will depend on Chinese solar policy and installation goals in the future

Topics
Solar Energy  |  Power Tariffs  |  Solar Parks

T E Narasimhan 

Solar energy installations in the calendar year 2018 dropped 15.5 per cent to 8,263 megawatt (MW) due to a safeguard duty regime, GST and land and transmission issues, says Mercom India's new research. In 2018, investments in the Indian solar sector totalled over $9.84 billion, 15 per cent lower compared to the previous year.

Rooftop solar, however, had an impressive year growing by 66 per cent on year-over-year. Total power capacity additions in India were 16.3 GW in 2018 from all generation sources. Of this, renewable energy sources accounted for nearly 70 per cent of ...

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First Published: Thu, February 28 2019. 09:43 IST
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