The year 2017 started with a pipeline of around 14 GW of utility scale projects, out of which 7.7 GW is expected to be commissioned in the year and this indicates a growth of around 90% over 2016. Combined with 1.1 GW of expected rooftop solar capacity, India should add a total of 8.8 GW in 2017, ranking it amongst the top three global markets after China and the USA.
Despite concerns about weak power demand growth and growing incidence of grid curtailment, solar power outlook in India remains very strong. 2017 will be a bumper year for the solar sector in India with total installed capacity reaching around 18 GW by the end of the year.
Solar tariffs are expected to fall below the critical INR 4.00 (USD 0.06)/ kWh mark making solar power the cheapest new source of power. We expect sustainable demand of 6-8 GW for utility scale solar in the coming years.
INDIAN SOLAR INDUSTRY AT A GLANCE IN 2016 - 2017 
