According to a report by the Mercom Communications, India emerged as the third largest solar market in the world in 2017.
- The report, “India Solar Market Leaderboard 2018” covers market share and shipment rankings across the Indian solar supply chain in 2017.
- The top two positions were taken by China and the US.
- India set a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016.
- This boosted the country's total solar installed capacity to 19.6 GW.
- According to the report, the top 10 solar photovoltaic (PV) project developers in the country accounted for over 62 percent of all large-scale project installations in 2017.
- India has quickly emerged as one of the most important solar markets in the world for suppliers and vendors
- Mercom Communications India is an arm of global clean energy consulting firm Mercom Capital Group.
