India’s solar energy capacity addition dipped 12% to 7,346 megawatts (MW) in the calender year 2019 from 8,338 MW in 2018, according to a report by Mercom India Research.
While 2019 was a lost year for the country’s solar sector, Mercom India Research expects solar installations to rise by 17% year-on-year (y-o-y) to about 8,500 MW by the end of 2020.
“The country installed 7,346 MW of solar in 2019, a 12% decline year-over-year (YoY), compared to 8,338 MW installed in 2018,” according to the report titled ‘Q4 & Annual 2019 India Solar Market Update’.
It also estimates solar installations in the range of 65-70 gigawatt (GW) by 2022, based on the current market conditions. The government has set a solar installation target of 100 GW by 2022.
