The total solar PV installation in India was down 49 per cent in the first quarter of calendar year 2019 at 1,737 MW as against 3,377 MW in the Q1 of 2018. Sequentially, it was up 4 per cent over 1,638 MW in the previous quarter.
A Mercom India Research’s report on ‘Q1 2019 India Solar Market Update’ shows that rooftop installations fell by 33 per cent year-on-year (Y-o-Y).
General elections
“Activity in the Indian solar market was generally subdued due to general elections. Auction activity also ground to a halt during the model code of conduct period. Rooftop installations were especially affected,” said Raj Prabhu, CEO of Mercom Capital Group. Mercom India Research forecasts installation of approximately 9 gigawatt (GW) of solar capacity in 2019. Large-scale solar project development pipeline for India stands at 19.4 GW with 31.7 GW tendered and pending auctions at the end of Q1 2019.
