A research report published by Mercom India showed the 547% surge in growth of solar project installations in India for the third quarter of the year.
The figures reflected the 2,835MW of solar installations completed in Q3 of the calendar year 2021. A 335% increase Year-on-Year seen with adding over 7.4 gigawatts (GW) of solar as compared to 1.73GW installed in nine months of 2020.
This has been achieved despite the increased price of the components used in the projects. It has also come into the light reflecting a 10% quarter-on-quarter increase.
The solar power sector is ahead in the race of capacity addition by accounting for close to 60% addition in nine months of 2021.
Source: Mercom India