According to the market update of the recently released 2019 quarter from India’s Mercom Research, 7,346 MW of solar PV were installed in 2019. Large solar plants accounted for 85% of the installations with 6,242 MW while rooftop solar systems accounted for 15% or about 1,104 MW.
Mercom estimates that by 2022, total solar construction will be around 65-70 GW, based on current market conditions. Total cumulative solar construction and projects in India were around 35.7 GW at the end of December 2019. Raj Prabhu, CEO of Mercom Capital Group, said: “It looks like
Demand forecasts for 2020 are better with a big demand line for solar projects, and we should see
The solar market is growing year-on-year again.
