Average Cost of Large-Scale Solar Projects in India Drops 23% YoY in Q3 2024

The costs fell for the seventh consecutive quarter, with an average drop of ~6% per quarter

December 12, 2024

/ Mercom Research Focus, Modules, Solar,

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The average cost of large-scale solar projects in India dropped by almost 23% year-over-year (YoY) in the third quarter (Q3) of calendar year (CY) 2024, according to Mercom India Research’s recently released Q3 2024 India Solar Market Quarterly Update. The costs remained flat quarter-over-quarter (QoQ).

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Average Cost of Large-Scale Solar Projects in India Drops 23% YoY in Q3 2024

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