India installed about 7.3 GW of solar power in the year 2019. Thus consolidating its position as the third-largest solar market in the world, according to a recent study about the industry.
India has a robust pipeline of utility-scale under-development projects of 23.7 GW capacity by the end of CY19, with 31.5 GW capacity tenders pending under auctions. Large-scale solar installations in 2019 accounted for 85 per cent with 6.2 GW. While solar accounted for 41 per cent of new power capacity additions in 2019 behind coal which accounted for 44 per cent.. India’s solar photovoltaic (PV) parks boosted their output by 27% year-on-year in 2019, producing a combined 46,033 MWh, shows news data by the Central Electricity Authority (CEA).
In spite of the overall improvement, the year-on-year increase was significantly lower than the 69% jump registered in the previous year.