India install 9.9 GW solar PV in 2019. Covid 19 significantly reduce the projections for 2020.
India installed 9.9 GW of PV in 2019, a decline of 8% y/y and 23% from its peak in 2017. – Large-scale projects accounted for 85% of 2019 installs and 88% of cumulative PV installations. – Mercom attributes the difficulties in the largescale PV market to come from: contracting and contract renegotiations, financing, infrastructure availability, and power curtailment. – Annual rooftop PV installations declined for the first time in five years due to the slowdown in the Indian economy and the difficulty of installers to find financing, caused by the NBFC crisis. • COVID-19 has significantly reduced analyst projections of India’s 2020 PV additions, as a lockdown has restricted worker movement, and some projects will fail to commission before monsoon season halts work.