Indian solar market had its best quarter

The Indian solar market had its best quarter in which it surpassed the U.S. during the first quarter (Q1) of calendar year 2018. According to a recently released report by Mercom India Research, Q1 India Solar Market Update, this is the first time India has ever installed over 3 GW in one quarter. The top three solar markets in the world – China, India, and US together installed a combined 15.4 GW of solar PV capacity in the first three months of 2018 (January to March). According to data published by NEA, China installed 9.7 GW in Q1 of 2018, followed by India with 3.3 GW. According to a recent report released by GTM Research and Solar Energy Industries Association (SEIA), US installed 2.5 GW in Q1 2018. However, this trend is unlikely to continue as the project development pipeline in India is relatively weak in 2018.