India Emerged as the Third Largest Solar Market in 2018 Behind China and US


India Emerged as the Third Largest Solar Market in 2018 Behind China and US

India was the third largest solar market behind China and the United States with 8.3 GW of solar PV capacity installed in 2018. Japan and Germany were the fourth and fifth largest solar markets in the world.

China added 44.3 GW of solar PV capacity, more than five times that of India during the year, according to data released by the country’s National Energy Administration. This was in spite of an installation cap on distributed projects and reduction in the feed-in tariff for solar projects announced last year.

The United States was the second largest market with 10.6 GW of solar PV capacity addition in 2018, according to SEIA/Wood Mackenzie. Read More

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