This report has detailed assessment of the Indian solar sector including comprehensive project and tender level updates, market shares of players across the value chain, EPC and pricing trends, and policy updates.

Installation activity picked up significantly in Q1 2019 but was still below last year’s level. Total installed solar capacity grew to 31,496 MW by March 31, 2019. Total project pipeline – projects allocated to project developers and at various stages of development – stood at an all-time high at 18,438 MW as on March 31, 2019.

Figure: Total installed and pipeline capacity as on March 31, 2019, MW

 Record project pipeline suggests significant pick-up in installation activity over next two years. At the same time, the sector is grappling with growing concerns on land acquisition, network connectivity, delayed payments and lack of debt funding. The industry expects new government to bring in a new wave of reforms and instil confidence in the sector.

There was a spate of policy related announcements in Q1 2019 in advance of the general elections. The central government announced several new schemes to promote rooftop solar, agricultural solar and domestic manufacturing.