India Arises As World’s 3rd Largest Solar Market: Mercom Communications

India Arises As World’s 3rd Largest Solar Market: Mercom Communications- Details, Highlights, About

According to the report released by Mercom Communications, India has arisen as the 3rd largest solar market in the world in 2017 behind China and United States.

Highlights

India has created a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016.

In 2017, India’s solar market had grown at Compound Annual Growth Rate (CAGR) of approximately 170% since 2010. The robust growth boosted India’s total solar installed capacity to 19.6 GW as of December 2017.

As of 2017-end, large-scale solar project development accounted for 92% of the all-time cumulative solar installations in India with 19.6 GW and 2017 alone made up 90% of such installations with 8.6 GW. Of the total 1.6 GW cumulative solar rooftop installations in India by 2017, 995 MW was installed last year.

About Mercom Communication India

Mercom Communications India is a subsidiary of U.S.-based Mercom Capital Group, leading clean energy communication and consulting firm recognized worldwide for its expertise in renewable energy.

Mercom Communication is widely recognized for its leadership and influence in helping shape India’s rapidly growing clean energy markets.

Mercom Communications India is situated in Bangalore and provides research, news, and communications services for clean energy organizations in the Indian market.