A report by Mercom Capital Group says that India is projected to see a solar power generation capacity addition of 1,750 mw next year. Noting that new solar installations so far this year have been around 900 mw, Mercom on November 20 stated that India is not likely to register any significant year-over-year growth for 2013.
However, during this period, global solar market is estimated to see 20 per cent growth.
"Although the projected installation growth looks impressive, it includes 420 mw of CSP (Concentrated Solar Power) projects that did not get installed in 2013, Mercom Capital said in a statement.
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