The Indian Solar installations will likely hit 1.3 to 1.4 GW. This is according to the Latest Research Report -India Solar Market Update - 1st Quarter 2013 Released by Mercom Capital.
Raj Prabhu, Mercom Capital's CEO said "there are 340 MW of PV projects due to be connected to the grid in March 2013 under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase I, Batch 2 policy. We are forecasting India to install another 1.3 to 1.4 GW in 2013.".
Trade War will slow down the Indian Solar PV Market
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Raj Prabhu, Mercom Capital's CEO said "there are 340 MW of PV projects due to be connected to the grid in March 2013 under the Jawaharlal Nehru National Solar Mission (JNNSM) Phase I, Batch 2 policy. We are forecasting India to install another 1.3 to 1.4 GW in 2013.".Trade War will slow down the Indian Solar PV Market
According to Raj, the Indian solar Market has seemed to lose it's momentum as it initiated an anti-dumping investigation against China, Malaysia, Taiwan, and the U.S. relating to the importation of solar cells (link). The investigation is based on alleged dumping of solar modules by these countries into India. The complaint was filed by solar manufacturers in India with the goal to protect domestic manufacturers that are struggling along with most PV manufacturers around the globe.
For a solar market still in its infancy, starting a trade war could become a costly distraction when the focus should be to encourage new technologies, competition and free markets. The U.S. just announced that it has requested World Trade Organization (WTO) dispute settlement consultations with the government of India concerning domestic content requirements in India’s national solar program. The U.S. states that India’s program appears to discriminate against U.S. solar equipment manufacturers by requiring developers to use Indian-manufactured solar cells and modules by offering subsidies to developers that use domestic equipment instead of imports.
The trade dispute is sure to add unwanted uncertainty to the young Indian market where financing is already a challenge as it is, and would make investors further skittish. It is surprising that a country with approximately 300-400 million people without power, about 9 percent power deficit and about 10 percent peak power shortage, has decided to go this route instead of an “all of the above policy” to meet the power requirement goals.
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