Average Cost of Large-Scale Solar Projects Down 8% YoY in Q4 2024

The cost rose marginally QoQ after declining for seven straight quarters

March 20, 2025

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In the fourth quarter (Q4) of calendar year (CY) 2024, the average cost of large-scale solar power projects in India fell over 8% year-over-year (YoY), according to Mercom’s recently released Q4 and Annual 2024 India Solar Market Update. However, the average project cost rose 1.6% quarter-over-quarter (QoQ).

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Ajayan J S

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Average Cost of Large-Scale Solar Projects Down 8% YoY in Q4 2024

Continue Reading with Premium Access

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