Average Cost of Large-Scale Solar Projects Dropped by 26% YoY in Q2

The drop in solar module prices contributed to the declining project costs

September 12, 2024

/ Mercom Research Focus, Solar, Utility Scale

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The average cost of large-scale solar projects in India fell 2% quarter-over-quarter (QoQ) and 25.7% year-over-year (YoY) in the second quarter (Q2) of 2024. Since Q1 2023, large-scale solar project costs have dropped for six straight quarters, with an average fall of 6% per quarter.

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Ajayan J S

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Average Cost of Large-Scale Solar Projects Dropped by 26% YoY in Q2

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