According to Mercom India Research’s newly released Q3 2019 India Solar Market Update, solar installations in India increased 44% in Q3 2019 reaching 2,170 MW, compared to 1,510 MW in Q2 2019. Installations were up by 36% year-over-year (YoY) compared to 1,592 MW in Q3 2018.
Solar installations in the first nine months (9M) of 2019 reached 5.4 gigawatts (GW), a decline of 19%, compared to 6.7 GW of added capacity in 9M of 2018.
In Q3 2019, large-scale installations totaled 1,925 MW compared to 1,218 MW in Q2 2019 and 1,157 MW installed in Q3 2018. The large-scale solar project development pipeline in India has increased to 22.6 GW. About 37.3 GW of solar have been tendered and were pending auction at the end of the quarter.
Rooftop solar installations declined by just 16% quarter-over-quarter (QoQ) in Q3 2019, totaling 245 MW compared to 292 MW in Q2 2019. Rooftop solar installations fell by 44% YoY compared to 435 MW installed in Q3 2018. Read More
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