Solar installations down 49 pc in January-March 2019: Report


Solar installations down 49 pc in January-March 2019: Report

Solar installations in India during January-March period of this year stood at 1,737 megawatt (MW), registering a year-on-year decline of 49 per cent, mainly owing to difficulty faced by installers in getting the required approvals due to general elections, says a report.

The installations were at 3,377 MW during the same period last year, according to Mercom India Research’s ‘Q1 2019 India Solar Market Update’ report. However on a quarter-on-quarter basis, solar installations increased by 4 per cent.

“Activity in the Indian solar market was generally subdued due to general elections. Auction activity also grounded to a halt during the model code of conduct period. Rooftop installations were especially affected,” said Raj Prabhu, CEO of Mercom Capital Group.

Rooftop installations fell by 33 per cent with capacity additions of over 260 MW in January-March 2019, compared to 390 MW a year-ago. The rooftop market is expected to bounce back in the second half of the year. Read More

Leave a Reply

Your email address will not be published.