Last year was full of ups and downs for India’s renewable energy industry. While 2018 started off with the first quarter witnessing a huge increase in installed capacity, especially in the solar power sector, there was an industry-wide fall in capacity addition as well as auctioned capacity from the second quarter onwards.
The success of the first quarter can be attributed to the several power projects that were in the pipeline in 2017 and were commissioned in early 2018.
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The slowdown in the subsequent three quarters was due to a number of uncertainties surrounding the industry following various legislative changes and difficulties faced by original equipment manufacturers (OEMs) and developers.
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Rahul Arora is a partner and Ruhani Khanna is an associate at HSA Advocates. HSA is a full service firm with offices in New Delhi, Mumbai, Bengaluru and Kolkata.
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