Study finds that “the Indian market is a double-edged sword”
The Indian market is one of the most profitable yet risky for project developers and investors in photovoltaics (PV). While large-scale projects of over 100 megawatts (MW) are now common, the investment risks caused by the climate, poor installation and lack of proper maintenance is on the rise. In a study conducted on behalf of the National Metrology Institute of Germany (Physikalisch-Technische Bundesanstalt – PTB), PI Berlin has recently examined the most common risks facing Indian PV projects and how they can be avoided.
Six PV projects in India were investigated between 3rd and 14th July 2017 for the purposes of the study. The study was conducted with the support of the Ministry of New and Renewable Energy (MNRE), the Indian National Institute of Solar Energy (NISE) and the Solar Energy Corporation of India (SECI). The German KfW Development Bank helped select which projects to analyse and assisted PI Berlin in gaining access to them.