Solar capacity installations down by 48% during Jan-Mar: Marcom report
The addition of solar capacity in India experienced a significant decline of 48 per cent year-on-year in the January-March period of 2023, reaching 1.9 gigawatts (GW), revealed Mercom India Research report, a research and consulting firm at the forefront of India’s clean energy transformation and advisory for India’s energy markets.
In comparison, during the same period in 2022, the country added 3.6 GW of solar capacity.
The report titled ‘Q1 2023 India Solar Market Update’ highlighted that India’s solar capacity expansion in the first quarter of the calendar year 2023 witnessed a substantial drop compared to the previous year. On a quarter-on-quarter basis, the installations were 30 per cent lower compared to the 2.7 GW of solar capacity installed in the October-December period of 2022.
