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Investments in Indian Solar Sector Totaled $2 Billion in Q3 2022

Nearly $1.4 billion went into utility-scale solar projects

November 25, 2022

/ Rakesh Ranjan
/ Finance and M&A, Mercom Research Focus, Solar
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Investments in the Indian solar sector in the third quarter (Q3) of the calendar year (CY) 2022 totaled $2 billion (~₹161.1 billion), a 30% quarter-over-quarter (QoQ) decrease compared to the $2.9 billion (~₹220.6 billion) in Q2 2022. Investments were down 45% year-over-year (YoY) from $3.7 billion (~₹271.2 billion).

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Rakesh Ranjan

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InvestmentsMercom Research FocusQ3 2022Solar
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