According to reports, Indicating better sectoral prospects, India is projected to see a solar power generation capacity addition of 1,750 MW next year, says a report.
Noting that new solar installations so far this year have been around 900 MW, Mercom Capital Group today said that India is not likely to register any significant year-over-year growth for 2013. However, during this period, global solar market is estimated to see 20 per cent growth.
“Although the projected installation growth looks impressive, it includes 420 MW of CSP (Concentrated Solar Power) projects that did not get installed in 2013,” Mercom Capital said in a statement.
Going by estimates, the operational capacity, comprising solar photo voltaic and solar thermal, is little over 2,000 MW.
As per Mercom Capital, the domestic solar industry has seen high inflation with about eight per cent increase in module prices.
To boost solar power generation in the country, the government in 2010 had launched the Jawaharlal Nehru National Solar Mission ( JNNSM).
This programme aims to have 20,000 MW of grid-connected solar power by 2022.
India has an overall installed power generation capacity of more than 2,27,000 MW, with renewable sources accounting for over 28,000 MW.