2018 - India solar and wind power installed capacity in 2019 will fall by 49%

The bridge of consultancy in India in & other; Throughout India 2018 & renewable energy map; Said, although India's solar and wind power industry to maintain in year-on-year growth, but compared with a year earlier, 2018/2019 of the growth will slow sharply, a drop of 49%.

although since January 2018, India has released 42 gw solar and wind power tender announcement, but still start to temper its growth. Solar power as a result of the limitation of transmission capacity, the activities of pause, security taxes are being executed, and the uncertainty surrounding security taxes, have set back the project subject to tender. Even though some of auction has taken out of the club watt solar project, the project has been canceled.

the all India is expected to solar and wind power installed capacity will reach 58 gw by the end of this month. Because of the wind field in the transformation from the preferential price model to the auction model, by the impact, solar project development and is expected to reach its highest in 2020/2021. 2017/2018 wind power installed capacity of 1. 3 gw, fell 71% from a year earlier.

the bridge of India, executive director of wrestling Rustagi said: & other; Over the past four years, India's renewable energy market has achieved remarkable development. It is encouraging that the government has again to promote renewable energy project bidding. However, due to various operation and policy implementation problems, installed capacity is slipping. This can cause the renewable energy industry sustainable development an important issue. In addition, the distribution company tried to keep prices down, if not reached expected price, distribution companies also seems to be very happy to cancel the project subject to tender. For value added tax, security tax, the rupee, interest rates rise, developers are faced with the growing cost problem. ”

in fact, just last week, reported that local authorities in maharashtra has set the VAT rate of 18% for solar project, brushed aside solar developers want to the VAT rate of only 5%. The government has started to ask the customs authorities from China, Malaysia and the developed countries import solar products to impose security taxes.