In the first half of 2018, India was the world's second largest solar market, with the new capacity of 4.9 GW surpassing the US's 4.7 GW, ranking second in the world. The world's largest solar market is still China, with an increase of 24.3 GW of solar PV capacity in the first half of 2018.
In the second quarter, the United States added more solar installed capacity than India, compared with 1,599 megawatts in India, the United States added 2,273 megawatts of installed capacity. This is a reversal compared to the first quarter of 2018, as India installed 3,344 megawatts of solar PV in the first quarter, compared to 2,427 megawatts in the United States.
In the first half of this year, China's three major solar markets - China, India and the United States installed 33.9 GW. In the first quarter of 2018, the three major solar markets accounted for 15.4 GW of solar PV capacity.
However, due to the safeguards tax, module prices and policy uncertainties are expected to have an impact on the installation, so India's project development channels are relatively weak in the second half of the year, and the trend of the first half of the year is unlikely to continue, but the Indian PV market is The power of development cannot be underestimated.