On Thursday, a new study reported that India's solar installations fell sharply last year as the country struggled to acquire the large tracts of land it needed.
Research firm Mercom Capital said in a new report that India had just 13 percent of its solar capacity installed last year4 GW, down 75 gw。
The challenge that India faces in increasing solar installations is not the high cost of solar energy. The biggest challenges are delays in land acquisition, connectivity issues, and new regulations such as Universal Network Access (GNA) and grid compliance.
Priya Sanjay, Managing Director of Mercom India, added: "The decline in modules** in Q3 led to an increase in orders, but grid compliance and last-minute connectivity issues due to new regulations led to delays in project commissioning. ”
The study details the challenges of grid connections, power evacuation in areas inhabited by birds known as the greatest Indian bustard, and project delays, all of which contributed to a drop in installations last year, while also complying with revised grid regulations.
As of the end of last year, India had a total solar capacity of 72 GW, of which 854% are utility-scale projects, 146% is rooftop solar. As of the end of last year, India had 1053 GW, another 70The project of 6 GW has been tendered and is awaiting auction. "Compared to most of 2023, market challenges such as ALMM and high modules** are no longer holding projects back," Sanjay said. Without these financial hurdles, it is now possible for projects that were stalled before 2023 to start commissioning. He also called for "ensuring adequate substations and transmission infrastructure to accommodate high-capacity projects that will be commissioned in the first quarter of 2024". (Compiled by Xiao Chen).
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