{"id":108346,"date":"2023-08-28T16:06:20","date_gmt":"2023-08-28T10:36:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108346"},"modified":"2023-08-28T16:06:21","modified_gmt":"2023-08-28T10:36:21","slug":"report-by-green-energy-consultant-mercom-shows-58-yoy-decline-in-solar-capacity-additions","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/report-by-green-energy-consultant-mercom-shows-58-yoy-decline-in-solar-capacity-additions\/","title":{"rendered":"Report by Green Energy Consultant Mercom Shows 58% YoY decline in Solar Capacity Additions"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3441740813\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Solar capacity addition in the country declined 58% to 1.7 GW in the Q1 FY2023 period, mainly due to land and transmission-related issues, Mercom India said on Monday. Mercom India is based in Bangalore and is a subsidiary of US based Mercom Capital Group, a leading clean energy consulting firm recognized globally for its clean energy expertise. It helps developing countries like India with clean energy communications and various other aspects.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2010836335\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The country added 4 GW of solar capacity in the year-ago quarter and 1.7 GW solar capacity in Q2 of 2023. (New) installations dropped more than 10% QoQ compared to 1.9 GW in the January-March period, the research firm said in &#8216;Q2 CY2023 India Solar Market Update&#8217;. Capacity additions fall represents almost 58% decline YoY.<\/p><p>Large-scale solar projects accounted for 77% of the capacity added during the quarter, and rooftop solar installations contributed 23%. Over 1.3 GW of large-scale solar capacity was added in the quarter, down 64% y-o-y, and 7% q-o-q. During January-June, new installations were at 3.6 GW, down 53% from 7.6 GW during the same period last year. India&#8217;s cumulative installed solar capacity surpassed the 66 GW-mark in June.<\/p><p>&#8220;Delays, extensions, and postponements have led to a substantial number of solar projects being deferred to next year, making 2023 a year of setbacks for solar in India,&#8221; Raj Prabhu, Chief Executive Officer of Mercom Capital Group, said.<\/p><div class=\"trade-content_5\" id=\"trade-3053122942\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;Consequently, 2024 looks extremely robust. Rapidly declining solar components and project costs will be a catalyst for additional growth,&#8221; he said. Following a weak first quarter, capacity additions slowed further in the second. Extensions granted to several large-scale solar projects and those facing delays due to land and transmission issues affected installations in the January-June period, he said.<\/p><p>During the quarter under review, Gujarat led with 41% of large-scale solar installations. Rajasthan and Karnataka were next, with 20% and 14% of quarterly capacity additions, respectively. During January-June, India added 8.4 GW of new power capacity, with solar accounting for over 43%.<\/p><div class=\"trade-after-content\" id=\"trade-1851557088\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Solar capacity addition in the country declined 58% to 1.7 GW in the Q1 FY2023 period, mainly due to land and transmission-related issues, Mercom India said on Monday. Mercom India is based in Bangalore and is a subsidiary of US based Mercom Capital Group, a leading clean energy consulting firm recognized globally for its clean [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-108346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Report by Green Energy Consultant Mercom Shows 58% YoY decline in Solar Capacity Additions - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Solar capacity addition in the country declined 58% to 1.7 GW in the Q1 FY2023 period, mainly due to land and transmission-related issues, Mercom India said on Monday. 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