Solar installations fall 44 per cent in 2023, says report
India has reported a 44 per cent fall in solar installations at 7.5 gigawatt in 2023 due to land acquisition-related issues, research firm Mercom Capital said on Thursday.
According to the US-based research firm’s latest report, a total of 13.4 gigawatt (GW) solar capacity was installed in the country in 2022.
As of December 2023, the cumulative installed solar capacity stood at 72 GW. Of which utility-scale projects accounted for 85.4 per cent, and rooftop solar accounted for 14.6 per cent, the report said.
