Solar gets boost from India amid Japan, China slowdown

New Delhi

INDIA may be a bright spot for global solar markets this year as it adds capacity at a record pace, becoming one of the top regions for panel producers struggling with rock-bottom prices.

India is expected to add nearly twice as much new solar as last year, outpacing once-booming Japan, according to forecasts by Bloomberg New Energy Finance. China, the world's largest renewables market, will see solar growth dip by about a fifth after peaking in 2016, London-based BNEF predicts.