The forecast is slightly higher than the 4.8GW outlook the Gurgaon-based consultancy issued in January.
“There is burgeoning investment interest both from Indian and international developers in the sector,” the research firm says, arguing that Indian PV is in “full bloom,” as annual solar installations are set to trail only China, the US and Japan this year.
About 25GW of capacity is now under development throughout the nation, with 35 tenders — or 15.5GW
