New Delhi: India has reported a 47 per cent fall in solar installations at 5.6 GW during January-September 2023, amid delay in project execution, according to research firm Mercom India.
The installations were also down in the July-September quarter this year at 1.9 GW, a 34 per cent fall, over 2.8 GW solar capacity installed in the same period a year ago, the research firm said.
However, on a quarter-on-quarter (QoQ) basis, the installations increased almost 6 per cent compared to 1.8 GW in Q2 2023.
“During the first nine months of 2023, 5.6 GW of solar was installed in India. Solar capacity additions fell nearly 47 per cent compared to 10.5 GW installed in 9M 2022,” Mercom India Solar Market Update report said.
