(MENAFN- KNN India)
Investments in Solar sector decline to $ 2 bn in Q3 2022 New Delhi, Nov 25 (KNN) In the third quarter (Q3) of 2022, the Indian solar sector saw investments of USD 2 billion which is a 30% decrease compared to USD 2.9 billion in Q2 2022.
According to the Q3 2022 India Solar Market Update in Mercom India Research's latest report the investments were down by 45% year-over-year (Yor) from USD 3.7 billion.
In Q3 2022, solar installations fell by 32.5% QoQ, with several large projects postponed to future quarters, directly resulting in lower investments.
In addition, lower manufacturing investments in the quarter also affected the overall totals.
The commissioning delays of ongoing solar projects and the uncertainty over the Great Indian Bustard issue in Rajasthan led to a significant drop in investments in the quarter.
Major large-scale solar developers also experienced the highest equity investment influx.
(KNN Bureau)
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