The total solar energy capacity of the country at the end of September was 27.4 GW, including 23.2 GW real-time solar panels, 3.4 GW solar energy on the roof and 0.8 GW off-grid solar energy, according to a report released on Tuesday.
However, the total plant in 2018-19 is expected to decrease by 55 percent to 4.1 GW in the previous year and well below the annual target of 16 years from the Ministry of New and Renewable Energy, according to the BRIDGE TO INDIA report .
In July-September, the country added a total scale of 1.2 GW of solar utilities, and in the first half of 2018-19 the capacity will increase to 1.9 GW.
These figures are 43 percent lower and 44 percent compared to the respective periods a year ago. Leading developers to add capacity in the quarter were Softbank (400 MW) and Acme (300 MW). No less than 55 percent of the new capacity addition came to the fore in Rajasthan, he said.
Talk about the delay, said Vinay Rustagi, Managing Director of BRIDGE TO INDIA: "The Indian solar energy market has grown spectacularly over the last four years, but struggles to persevere because of policy and implementation challenges. The slowdown in growth is of concern to all stakeholders.
"We are witnessing increasing volatility in tender issuance, auctions and capacity expansion due to poor coordination between various government agencies and restrictions on transport capacity and land purchase."
He went on to say: "The MNRE has not helped the business by not tackling GST decisively and safeguarding its duty performance." Random ceiling rates and bad registration have led to registrations being routinely canceled and / or endorsed.
"As a result, the gap between tendering and completed auctions is one year longer.Our revised best-case estimate for solar capacity by March 2022 is 67 GW, well the 100 GW target, unless immediately decisive recovery measures are taken.
However, the study said that a sunspot on the solar market is roof sun, which annually grows by a robust 70 percent. Unaffected by policy uncertainty and not dependent on land or transmission infrastructure, this market benefits from a sharp decline in module prices – 30 percent less than in the past nine months, it added.
(This story is not edited by Business Standard staff and is automatically generated from a syndicated feed.)