Q4 & Annual 2019 India Solar Market Update

Executive Summary

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 India Solar Installations & Forecast

• Solar installations in India added a total of 7.3 GW

in calendar year (CY) 2019, a 12% decline year-
India Solar Demand Forecast (MW)
12,000 50,000
over-year, compared to 8.3 GW installations in Annual Rooftop Solar Installations (MW)
CY2018. 45,000
Annual Utility-scale Solar Installations (MW)
• In 2019, large-scale projects accounted for 85% of 10,000
Cumulative Solar Installations (MW)

Cumulative Installations (MW)

40,000
installations and rooftop solar projects made up

Annual Installations (MW)

the other 15%. 35,000
8,000
• Cumulative solar installations in India reached 30,000
almost 35.7 GW as of December 2019.
6,000 25,000
• The large-scale project development pipeline
stands at 23.7 GW with 31.5 GW tendered and 20,000
pending auctions at the end of CY 2019. 4,000
15,000
• The cumulative rooftop solar installations in India
reached approximately 4.4 GW at the end of 2019. 10,000
2,000
5,000
The Full 4-year forecast by 0 0
segment is available in the 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F

report Source: Mercom India Research (Dec 2019)

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 Quarterly Solar Installations

• Total solar installations in Q4 2019 totaled

Solar Installations by Quarter (MW) 1,897 MW, up by 16% from 1,641 MW added
Rooftop Solar Utility-Scale
in Q4 2018
4,000
• In Q4 2019, over 3.2 GW of solar projects
3,500 were tendered and around 6.9 GW of projects
were auctioned.
3,000
• In Q4 2019, Karnataka stands as the top solar
installer with newly added large-scale solar
2,500 capacity of 788 MW followed by Rajasthan
and Madhya Pradesh.
2,000
• Solar power generation in CY 2019 crossed 46
1,500 BUs, a 27% increase compared to 36 BUs
generated in CY 2018.
1,000 • Chinese solar module average selling prices
(ASPs) saw a decline of 2.3% QoQ in Q4
500 2019.

0
Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Q2'19 Q3'19 Q4'19
Get our project tracker for a full
list of large-scale projects
Source: Mercom India Research (Dec 2019)
announced and commissioned

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All India Cumulative Utility-Scale Solar Installations by States

India Utility-scale Cumulative Solar Installations by States (MW)

Karnataka
Rajasthan
Tamil Nadu
Telangana
Andhra Pradesh
Gujarat
Madhya Pradesh
Maharashtra
Uttar Pradesh
Punjab
Odisha
Uttarakhand
Chhattisgarh
Bihar
West Bengal
Kerala
Haryana
Jharkhand
New Delhi
Daman and Diu
Himachal Pradesh
Chandigarh
<20 MW
Dadra and Nagar Haveli
Andaman & Nicobar 20-100 MW
Tripura
Goa
100-1,000 MW
Assam 1,000-2,500 MW
Arunachal Pradesh
Jammu & Kashmir 2,500-5,000 MW
Lakshadweep >5,000 MW
Puducherry

0 2,000 4,000 6,000 8,000

Source: Mercom India Research (Dec 2019)

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India Solar Market Update – Q4 & Annual 2019 Report

Mercom India’s India Solar Market Update provides you with the most The report includes:
comprehensive report on the Indian solar sector. The report, delivers high-
• Quarterly and YTD Installations
quality research and analysis, facts and figures, and forecasts for global solar • Forecasts
professionals. Primary data for the report is directly collected from • Tender and Auction Update
government agencies, developers, investors, manufacturers, installers and • Policy Updates and Analysis
other industry stakeholders. The report offers details on prevailing market • State-by-State Installations
conditions, issues and challenges, opportunities, and the outlook for India’s • Price Trends
• Bids/Tariffs
solar industry.
• Project Costs
• Power Mix
• Solar Power Generation
• Solar Exports & Imports
Click here to purchase a copy of • Solar Rooftop
India Solar Market Update – Q4 2019 & Annual Report • Solar Supply Chain Survey
• Other Important Updates

Who Needs to Purchase this Report?

• Project Developers • EPC Provider • Investors, Banks and Financial Institutions
• Component Manufacturers • BOS Suppliers • Installers
• Utility/IPPs • Investment Firms/Funds • Foreign Entrants

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