India to install 4.8GW in 2016, says Mercom

October 4, 2016
Facebook
Twitter
LinkedIn
Reddit
Email
Source: Mercom Capital Group.

India will install 4.8GW of solar in 2016, according to new data from consultancy firm Mercom Capital.

The country’s total capacity is now just over 8.6GW, as of September 2016. Four states have now passed the 1GW threshold. Tamil Nadu, Rajasthan, Gujarat and Andhra Pradesh account for 59% of all the current installed solar capacity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

With a pipeline of 14GW and 7GW of tenders waiting in the wings, the actual delivery of projects faces some difficulties.

“The challenge is going to come next year when approximately 9 GW of solar power is forecast to be installed. Unless the ‘must run’ status for solar projects is strictly enforced we are going to see some challenges,” said Raj Prabhu, CEO of Mercom Capital Group.

Mercom cites the slowdown in demand for power and low prices available on the country’s power exchanges.

Low module prices internationally offer some cheer for developers looking to deliver on aggressively low auction prices in many of India’s tender rounds. Module prices have already fallen in India and are expected to continue to do so.

Read Next

October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.
October 27, 2025
Global corporate financing in the solar industry reached US$6.5 billion in the third quarter of 2025, a 14% increase from the same period a year ago.
October 27, 2025
Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 
October 27, 2025
US solar technology company Swift Solar has deployed perovskite solar technology as part of a Department of Defence cyber warfare exercise in the state of Virginia.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany