Country has achieved just under 30% of its 2022 target of 70GW of installed solar by 2022

Photovoltaic installations in India have reached 30GW according to preliminary figures from Mercom’s latest India Solar Project Tracker.

The share of solar capacity grew from 6.6% in March 2018 to 8.4% in March 2019, the analysis found.

The share accounts for nearly 30% of the Indian government’s solar installation goal of 100GW by 2022, leaving 70GW to be installed over the next three years.

Among renewables, solar accounts for approximately 38% of the installed capacity, up 2% compared with the previous quarter.

According to Mercom’s market research renewable energy capacity additions accounted for approximately 22.3% of India’s capacity mix at the end of the financial year 2018-19, compared with 20.3% reported at the end of financial year 2017-2018, with solar installations driving the growth.