India emerged as the third largest solar market in the world in 2017 behind China and the US, according to the report of Mercom Communications India. India has grown at a CAGR of approximately 170% since 2010.
As per the report, India set a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016. The robust growth boosted the country’s total solar installed capacity to 19.6 GW as of December 2017.
Source- DD News
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- Mercom Communications India is an arm of global clean energy consulting firm Mercom Capital Group.
- Raj Prabhu is the Group CEO of Mercom Capital.