According to a report, solar installations have gone down by 52% in the second quarter of 2018, primarily due to the uncertainties related to trade duty & module price fluctuations. The Q2 installations were at the lowest since Q1 2017 with 1599 MW, compared to 3,344 MW in 2018. The plant installations were also down by approximately 21% year-on-year compared to 2.025 MW installed in Q2, 2017.
The downfall in the installations was an expected one, pertaining to PPA negotiations post the all-time low bids which led to a slowdown in the tender auctions in 2017 resulting in weaker project pipeline in 2018.
The large-scale installations totaled at 1,184 MW compared to 2954 MW in Q1, 2018. In case of rooftop installations, 415 MW was installed (6% higher than 390 MW in the previous year.)
Cumulative solar installed capacity summed to be at 24.6 MW at the end of the second quarter of 2018 with large-scale projects accounting for 90% & rooftop solar making up the remaining 10%.
It is expected that the installations will be close to 8.3 GW in 2018 if the schedule remains on time.