India set to become 3rd largest solar power market in 2017

India Solar Handbook 2017 by Bridge to India has said India will become the third biggest solar market globally in 2017.

The handbook by the consulting and knowledge service provider in the clean technology market has said with 8.8 gw (giga watt) of projected capacity addition — a growth of 76 per cent over 2016 — India is set to become the third-largest photovoltaic market (PV) market in 2017, by overtaking Japan.

It said India’s solar capacity is expected to touch the 18.7 gw mark by the end of 2017, about 5 per cent of the global pie, growing 89 per cent over the last year.

It also said Tamil Nadu, Andhra Pradesh and Telangana have emerged as the fastest growing states in India in terms of solar installation and in 2017, nearly 60 per cent of total new capacity addition is expected to come from southern states.

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Research Desk

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