India 3rd largest solar market after China, US: Report


India 3rd largest solar market after China, US: Report

India emerged as the third largest solar market in the world after China and the US. India’s solar installations reached 8.3 GW, including large-scale and rooftop solar units, according to a report by Mercom Communications India.

The country’s cumulative solar capacity is 28 GW as of 2018.

Mergers and acquisitions globally were steady in the space with 18 solar transactions in the first quarter of this calendar year (Q1 2019) compared to 19 Q1 2018.

Mergers, market shares

In terms of corporate M&A, the report noted Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned subsidiary of Reliance Industries, acquired 88 per cent equity stake in Kanoda Energy Systems Ltd(KESL)  Read More

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