India is expected to add about 1,800 MW solar energy capacity next year, according to global energy consulting firm Mercom Capital Group. In a report released today it said that global solar installations are forecast to be in the range of 43,000 MW next year.

The capacity additions are expected to be driven by many countries looking to increase their solar energy generation. With China revising its solar installation goals, Mercom expects it total roughly 10,500 MW in 2014.

"Support for solar seems to be getting stronger by the day and backed up by solid goals, policies, tariffs, standards and environmental regulations," it said.
Mercom Capital's CEO and co-founder Raj Prabhu said that helped by strong demand, the solar module over-supply situation has improved.
"Prices are stable, and manufacturers are reporting shipment growth and ramping up capacity," he noted.
Apart from China, the US is anticipated to see steady growth in the solar sector. Solar energy installations in the US are projected to touch 6,000 MW next year. In India, the operational capacity, comprising solar photo voltaic and solar thermal, is a little over 2,000 MW.
To bolster solar power generation, the government in 2010 had launched the Jawaharlal Nehru National Solar Mission that aims at 20,000 MW of grid-connected solar power by 2022.

Last week, the World Bank had said that in a short span of three years, India has made impressive strides in developing its abundant solar power potential.
"With more than 300 million people without access to energy and industry citing energy shortage as key growth barrier in India, solar power has the potential to help the country address the shortage of power for economic growth," Onno Ruhl, World Bank country director in India, had said.


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