JMK reports 25% decrease in PV installations

According to JMK Research, in Q1-Q3 2023, India added 8.5 GW of solar capacity, including 5.06 GW utility-scale, 3 GW rooftop, and 0.4 GW off-grid. Notably, there’s a 25% decrease in overall solar installations from the previous year, driven by an 84% decline in utility-scale solar, to 5.06 GW in 2023. In contrast, rooftop solar installations surged, showing a 2.3x increase, reaching 3 GW .