Home » Other » Solar installations in India for 2013 looks flat compared to 2012: Mercom Capital

Solar installations in India for 2013 looks flat compared to 2012: Mercom Capital

According to reports, despite bankruptcies and trade cases in the industry, global solar installations in 2012 totalled about 31GW, a 13% growth over the previous year.

India installed 980MW in 2012, and has installed about 600MW of solar power, so far in 2013. With most of the concentrated solar power (CSP) projects that were due to be commissioned in May 2013 delayed, the forecast for installations in 2013 looks flat compared to 2012, according to Mercom Capital Group, a clean energy consulting firm.

Long touted to be a fast-growing emerging solar market where the growth rate is expected to be much higher than other parts of the world, installations in 2013 will likely be disappointing, Mercom said.

Globally, however, demand for solar power in 2013 looks promising despite the uncertainty surrounding the China-European Union (EU) trade case, Mercom said. This is primarily due to the rise of Japan’s solar market, which is on pace to install in excess of 7GW, compensating for the pullback in demand from Germany and Italy, according to Mercom.

There seems to be more focus on eastern markets this year. Attempting to diversifying its energy generation sources after the Fukushima disaster, the Ministry of economy, trade, and industry (METI) in Japan announced a 10% cut in tariffs to about ¥38 (roughly $0.40) starting April 1, 2013 — one of the most generous solar feed-in-tariffs in the world, and this has helped spur growth.

China, another large eastern market, is looking at solar power as a solution to the serious air pollution problems. Also, the providing of billions of dollars in credit to Chinese manufacturers by Chinese banks to ramp-up capacity resulted in massive overcapacity, which led to a steep fall in panel prices, leading to anti-dumping cases. With the announcement of an 11.8 per cent provisional anti-dumping tariff by the European Union, which could escalate to 47.6 per cent by August, there is a serious push towards new subsidies and programs to stimulate domestic demand, Mercom said.

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