India 3rd Largest Solar Market in World behind China and the US: Mercom

India 3rd Largest Solar Market in World : Mercom

India rose as the third biggest solar market on the planet in 2017 behind China and the US, as per the report of Mercom Communications India. India has developed at a CAGR of around 170% since 2010. 

India 3rd Largest Solar Market in World behind China and the US: Mercom

According to the report, India set another record with 9.6 GW of solar establishments in 2017, which was more than double the 4.3 GW introduced in 2016. The powerful development supported the nation's aggregate solar introduced ability to 19.6 GW as of December 2017.Of the aggregate 1.6 GW total solar housetop establishments in India by 2017, 995 MW was introduced a year ago. Mercom Communications India is an arm of global clean energy consulting firm Mercom Capital Group. 

Mercom Communications India is an arm of global clean energy consulting firm Mercom Capital Group. Mercom Capital Group CEO Raj Prabhu sai,"In 2017, bigger players began solidifying their situations at the best as India immediately rose as a standout amongst the most essential solar markets on the planet for providers and merchants".