Amid increasing volatility in tender issuance, auctions and issues related to GST and safeguard duty, India’s solar installations slowed down in the July-September period of 2018, officials said on Sunday.
“Indian solar market has grown spectacularly over the last four years but is struggling to sustain because of policy and execution challenges. The slowdown is worrying for all stake-holders,” consulting firm Bridge To India’s Managing Director Vinay Rustagi said.
According to the firm’s latest report, India added total utility scale solar capacity of 1.2 gigawatts in the July-September period, taking capacity addition in the first half of the financial year 2018-19 to 1.9 gigawatts.
“These numbers are down 43 per cent and 44 per cent over respective periods in 2017,” it said. Read More