Average Cost of Large-Scale Solar Projects Fell 28% YoY in Q1 2024

Falling solar module prices led to the lowest quarterly average project costs

June 4, 2024

/ Mercom Research Focus, Solar, Utility Scale

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The average cost of large-scale solar power projects in India fell 28.2% year-over-year (YoY) in the first quarter (Q1) of 2024, primarily due to a significant drop in module prices over the year.

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Average Cost of Large-Scale Solar Projects Fell 28% YoY in Q1 2024

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