In 2019, India’s solar energy installations reached a total of 7,346MW.
This is according to a report by Mercom Communications India, a subsidiary of the US-based Mercom Capital Group.
Despite this growth, last year’s total installations witnessed a year-on-year decline of 12%, with 2018 registering 8,338MW of capacity generation.
Of the total output, large-scale solar projects accounted for an 85% share, totalling 6,248MW. The remaining 15% share was allocated to rooftop solar projects of a total 1,104MW capacity.
By the end of the fourth quarter of 2019, an additional 23.7GW portfolio of large-scale solar projects was commissioned for development.
The decline in the sector’s growth has been attributed to a plethora of reasons, such as elections, credit crunch, economic slowdown and a reduced power demand.
The total investments made in the solar sector in 2019 amounted to $8.2 billion (£6.5bn), around 16% lower than in 2018.
Mercom India projects an installation of 8.5GW in solar power capacity for 2020.