Solar power installations in India increased by 34 per cent to 3,269 mw in the first quarter of 2018 compared with the fourth quarter of 2017, according to Mercom Communications.
“Q1 2018 was the best quarter on record for solar installations in India, with 3,269 MW, a 34 per cent increase compared to 2,448 MW installed in Q4 2017. Installations were also up when compared to the 2,991 MW installed in Q1 of 2017,” Mercom Communications India said in a statement.
Mercom Communications India, a subsidiary of Mercom Capital Group, said that the surge in installations in first quarter of ongoing calendar year was primarily on account of completion of solar projects which were scheduled for commissioning the previous quarter, but had experienced delays due to grid connection issues.
This was the first quarter of over 3 GW installed in the Indian solar market and the fifth quarter in a row where at least 2 GW of solar installations, the statement said. Read More
Latest posts by ET Energy World (see all)
- Investor roadshow in US to draw interest in ONGC, Coal India - August 16, 2018
- RBI puts 200 stressed accounts under scanner to curb rising NPAs - August 16, 2018
- Slowdowns in China and India eat away at Asian crude oil demand - August 16, 2018