2018 Q4 & ANNUAL INDIA SOLAR MARKET UPDATE - 8.3 GW INSTALLED IN 2018

India’s solar installations have reached 8.3 GW in 2018 with large-scale projects making up 6,608 MW and rooftop installations accounting for 1,655 MW.

Q4 2018 installations added to 1,638 MW, up three percent quarter-over-quarter from the 1,589 MW installed during Q3 2018. Installations were down about 52 percent year-over-year (YoY) compared to 2,491 MW installed in Q4 2017.

Karnataka topped the list of states with newly added large-scale solar capacity in 2018 followed by Rajasthan, Andhra Pradesh, Tamil Nadu, and Maharashtra. Together these five states accounted for 81 percent of large-scale installations in the year.

Cumulative installed solar capacity in India reached 27.9 GW at the end of December 2018. Of this, cumulative rooftop solar installations amounted to 3,260 MW.

Solar accounted for 50.7 percent of the new power capacity in 2018.

Contact Mercom for pricing: reports@mercomindia.com or call us at 011-91-802-356-0436.