Year in Review: 2019 A Lost Year for India’s Solar Sector
India closes the year with a cumulative solar capacity of 35 GW
December 20, 2019
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The year largely failed to live up to the expectations with solar installations expected to cross 7 GW for the year. Inconsistent policy implementation, trade policies, a slowing economy, and liquidity crisis, all played a role in the decline of installations by at least 2 GW from the initially estimated ~9 GW for the year. The attempt by Andhra Pradesh to renegotiate old signed power purchase agreements was the low point in 2019.