WCA July 2019

India Insight India

Insight

India solar report

nearly 3.3GW by the end of 2018. Rooftop solar installations for 2018 amounted to 1.7GW. Of Indian companies engaged in the field, Adani maintained its position as the top project developer while ACME Solar held the most large-scale solar installations in 2018. There are nearly 80 large-scale project developers in India with a pipeline of 5MW. Among rooftop installers, Tata Power holds the most installations. Mercom India – India Website: www.mercomindia.com Tell us YOUR news. . . To submit news for the India Insight section free of charge, email david@intras.co.uk or call direct on +44 1926 334137.

A REPORT by Mercom India, a division of energy consulting firm Mercom Capital Group, shows that India has become the third largest solar market in the world, after China and the USA. India’s solar installations in 2018 reached 8.3GW, including large scale and rooftop solar. The report, “Indian solar market leader board 2019”, states that the top ten large-scale developers accounted for 60 per cent of the market share in 2018, with all others making up the remaining 40 per cent. “Much has changed in the Indian solar industry over the last year. There was some reshuffling when it came to suppliers after the imposition of the safeguard duty, while others have consolidated their positions,” said Raj Prabhu, CEO of Mercom Capital Group. In 2018 the top ten rooftop solar installers accounted for just 30 per cent of installed capacity in India, reflecting the fragmented nature of the sector. According to the Mercom India solar market update, rooftop installations grew by 66 per cent, year-on-year, with cumulative installations totalling

Bigstockphoto.com “Taj Mahal sunset silhouette in Agra, India” Photographer: David Evison

42

www.read-wca.com

Wire & Cable ASIA – November/December 2016 July/August 2019