Mercom India Research, the research arm of Mercom India has released a whitepaper ‘India Solar Market – An Overview,’ in partnership with the Renewable Energy India Expo and Conference. The conference will be in Greater Noida from September 18 to 20, 2018.
The complimentary whitepaper provides an in-depth look at the market drivers and challenges facing the Indian solar market.
Click here to download the complete whitepaper.Recently, Mercom India Research released its Q2 2019 India Solar Market Update, a report that covers the state of the Indian solar market in detail. According to the report, cumulative large-scale solar installations reached 31.5 GW by the end of Q2 2019 with large-scale solar projects accounting for 88% and rooftop solar making up the remaining 12%.
Mercom India Research forecasts India to install over 8 GW of solar capacity in the calendar year 2019. The report estimates solar installations in India to reach 70 GW by the end of 2022 based on current market dynamics.
“It has been a rough couple of quarters for the Indian solar market, exacerbated by tough lending conditions. Post elections, we expect the second half of the year to be slightly better, but liquidity issues need to be resolved for the market to recapture momentum,” commented Raj Prabhu, CEO, and co-founder of Mercom Capital Group.
Renewable energy capacity additions continue to increase at a significant pace in India, accounting for approximately 35.4% of India’s power capacity mix cumulatively. Solar accounted for 41% of the new power capacity added in 1H 2019.
Visit Mercom India team in REI at Hall 10 Booth 402, and also attend the session powered by Mercom India along with key industry executives on 19th September 2019 at 4.00 PM to 5.30 PM.
Sampath has been part of the Mercom India research and news team since the company’s inception. He currently oversees all data and research relating to news published on the MercomIndia.com platform. Sampath received his Bachelor’s of Commerce Degree from Kuvempu University and Post Graduate Diploma in Management, from Indira Gandhi National Open University. More articles from Sampath Krishna.