Mercom Capital Group, a clean energy consulting company, has announced that India is most likely installing 1300-1400 megawatts of solar power this year. They also claimed that India has installed 980 megawatts last year than the expecting number of 1,090 megawatts. Mercom Capital Group's CEO and Co-Founder Raj Prabhu has said "the difference was largely due to delays in Gujurat to commission 144.5 megawatts of photovoltaic projects."
The installations accumulating in India currently is said to be over 1,200 megawatts and if Mercom's predictions are correct: India is likely to add to the number 1,300 to 1,400 more megawatts of solar power. The Indian solar power installations, however, has been arranged and overseen by Jawaharlal Nehru National Solar Mission (JNNSU), which also holds a goal to install 20,000 megawatts of solar power by 2022, and various state policies and state RPOs (renewable portfolio obligations). Renewable portfolio obligations are regulations that requires increased production of energy from renewable energy resources such as wind, solar, biomass and giothermal.
Meanwhile, global solar installation numbers for 2012 are likely to be in the 30-32 gigawatt range and in 2013, solar installations may possibly hit 34.5 gigawatts of solar power. Prabhu also notes that "based on current forecasts, it looks like the significant share of installations in 2013 will come from emerging markets like China, Japan, and India."
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