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    Home > Chemicals Industry > International Chemical > Q1 Investment in India's solar sector fell 12% year-on-year to US$2.8 billion

    Q1 Investment in India's solar sector fell 12% year-on-year to US$2.8 billion

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    According to Mercom's Q1 2019 Indian Solar Market Quarterly Report, investments in the Indian solar industry totaled $2.
    8 billion in Q1 2019, which includes manufacturing funds (upstream) and project funds (downstream) investments
    .

    Investment in India's solar sector fell 12% in the first quarter of this year compared to US$3.
    17 billion in the same period last year, and increased by 55%
    sequentially compared to US$1.
    81 billion in the previous quarter.

    The significant sequential increase in upstream and downstream investment was primarily due to increased corporate financing, which was approximately US$800 million (approximately US$56 billion) in the first quarter of 2019, a significant increase
    from US$217 million (approximately US$1.
    5 billion) in the fourth quarter of 2018.

    Total investment in downstream activities reached $989 million (US$69.
    04 billion), up 4%
    from US$951 million (US$66.
    3 billion) in the fourth quarter of 2018.

    Domestic manufacturing expansion activity in the Indian solar sector saw significant growth in the first quarter of 2019, with domestic manufacturers such as Vikram, Renewsys India, Saatvik Green Energy, Super Sun Solar and Shivam Photovoltaic increasing their manufacturing capacity by about 1 GW
    .
    According to the Mercom report, Indian manufacturers performed better
    after implementing safeguard duty on imported modules from China and Malaysia.

    Investment in India's solar sector totaled $9.
    8 billion in 2018, compared to nearly $11.
    5 billion in 2017, down 15% year-on-year, mainly due to fewer
    solar installations.
    At the end of the first quarter of 2019, India's installed solar capacity was about 30 GW
    .

    According to Mercom's Q1 2019 Indian Solar Market Quarterly Report, investments in the Indian solar industry totaled $2.
    8 billion in Q1 2019, which includes manufacturing funds (upstream) and project funds (downstream) investments
    .

    solar energy

    Investment in India's solar sector fell 12% in the first quarter of this year compared to US$3.
    17 billion in the same period last year, and increased by 55%
    sequentially compared to US$1.
    81 billion in the previous quarter.

    The significant sequential increase in upstream and downstream investment was primarily due to increased corporate financing, which was approximately US$800 million (approximately US$56 billion) in the first quarter of 2019, a significant increase
    from US$217 million (approximately US$1.
    5 billion) in the fourth quarter of 2018.

    Total investment in downstream activities reached $989 million (US$69.
    04 billion), up 4%
    from US$951 million (US$66.
    3 billion) in the fourth quarter of 2018.

    Domestic manufacturing expansion activity in the Indian solar sector saw significant growth in the first quarter of 2019, with domestic manufacturers such as Vikram, Renewsys India, Saatvik Green Energy, Super Sun Solar and Shivam Photovoltaic increasing their manufacturing capacity by about 1 GW
    .
    According to the Mercom report, Indian manufacturers performed better
    after implementing safeguard duty on imported modules from China and Malaysia.

    Investment in India's solar sector totaled $9.
    8 billion in 2018, compared to nearly $11.
    5 billion in 2017, down 15% year-on-year, mainly due to fewer
    solar installations.
    At the end of the first quarter of 2019, India's installed solar capacity was about 30 GW
    .

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