Mercom Communications India, a subsidiary of Mercom Capital Group, has released its quarterly update on the Indian solar market.
The Indian solar sector is witnessing strong growth, with cumulative installations reaching approximately 12.8 GW at the end of Q1 2017.
Utility-scale projects account for about 12 GW; rooftop installations accounted for almost 850 MW of installed capacity. The report forecasts 2017 installations to reach approximately 10 GW, a ~130 per cent increase year-over-year compared to 4.3 GW installed last year as
India becomes one of the top solar markets in the world after China and the United States. The pipeline of Indian utility-scale projects is currently ~12.6 GW and there are approximately 6.1 GW of tenders pending auction. Six states now have installed capacity of over 1 GW.
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