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First Solar Could Benefit As India Plans Solar Overhaul

• http://www.forbes.com, Trefis Team

However, the country's solar installations have been slow to take off owing to regulatory issues and challenges related to land acquisition. India installed a total of just about 950 megawatts of solar power in 2013, compared to China, which installed close to 12 gigawatts the same year. However, the country's solar sector could be set for an overhaul, supported by new initiatives by the country's recently-elected federal government. There have been reports suggesting that the government will revamp the country's National Solar Mission, targeting installations of 15 GW of new capacity by 2019, up from the existing plan which targets installations of just 3.6 GW by 2017. The government is also planning to set up 25 solar parks, which should increase solar capacity nearly tenfold. Solar parks refer to areas which are specifically earmarked for solar projects and offer project developers common infrastructure such as water access and transmission lines.

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