Business Standard

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

solar panel
Premium

solar panel

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 installations, with solar representing 50.7 per cent

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2019 | 9:43 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com