Solar growth in India in recent years has been phenomenal. India became the 2nd largest solar power market in the world in terms of deployment after overtaking United States in the first half of 2018. The country currently has ~25 GW of installed grid connected solar capacity, and most of it comes from large scale solar projects which accounts for 87% installations, while rooftop nearly accounts for 11% installations. Although, Indian Rooftop solar sector has also shown incredible growth trajectory showing 72-113% y-o-y growth from 2016 to recent years. It is still standing with only 3 GW of installed capacity (out of 40 GW target). Although, there are challenges, the recent policy deviations stand as the biggest hurdle in front of Indian rooftop solar growth, which has increased rooftop solar project cost by 20%.
Last Tuesday US Trade Representative’s office announced its’s intent to remove India from Generalised System of Preference (GSP) and served a 60 days’ notice to India.
Businesses are living organisms given life by the team that tirelessly works towards a goal. With creative people being at the helm of such a venture, new changes in ideas, choices, and actions are given shape each day. This makes each business enterprise as complex as a life: growing, changing, learning and prospering. This characteristic also makes businesses unpredictable. Therefore, success in business always depends on the mutual efforts of the team behind the business, and a leader’s capability to understand his/her teammates.
In such a scenario, a leader is often torn between the ideologies of pushing the team to do more and inspiring the team to excel.
China’s policy shift, mega tender cancellations and policies levying taxes and duties on solar industry in India, feed-in-tariff cut in Japan have made 2018 the year of uncertainty for solar. However, surveys suggest that global PV solar installations will see nearly 18% rise in 2019, finally reaching and may be surpassing 100 GW capacity addition. Although, at the end of 2019, we would still be far from ‘0’ emission future, rising PV installation growth and emergence of new markets within developing countries will get us closer to that goal.