In January 2018, Mercom reported that India had achieved 20 GW in cumulative solar installations, meeting the original target set for 2022. Today, that target stands at 100 GW by 2022.
In the first half (1H) of calendar year (CY) 2018, India installed 4,943 MW of solar (this includes the installation numbers of January 2018), per Mercom’s India Solar Project Tracker.
India has reached yet another milestone in installed solar capacity. The country recently marked 25 GW of installed solar photovoltaic (PV) capacity, according to Mercom India Research.
Utility-scale solar PV projects in India account for over 22.5 GW of installed capacity and rooftop solar projects account for over 2.4 GW of installed capacity, as of date.
Karnataka is the top solar state of India followed by Telangana, Andhra Pradesh, and Rajasthan. Rooftop solar project installations are gradually picking up speed in India.
Mercom India Research forecasts solar installations of approximately 8.3 GW in CY 2018. Out of this, over 5 GW of solar projects have been installed in the first half of the year. Installation rates are forecasted to decline in the second half due to lack of a strong project pipeline.
Solar installations in 2019 are also expected to be flat as longer commissioning timeline will push approximately 1.3 GW of large-scale projects from 2019 to 2020.
Reference- Mercom India Research
