India’s solar generation surges by 18% YoY to 68.77 BU in 2021
POWER & RENEWABLE ENERGY

India’s solar generation surges by 18% YoY to 68.77 BU in 2021

India has generated nearly 68.77 billion units of solar power energy in the year 2021, an 18% YoY increase in comparison with 58.19 billion units (BU) generated in the preceding year, due to the new capacity installations.

In the initial nine months of 2021, India has installed 7.4 GW of new solar capacity. Which is 335% YoY more when compared to 1.73 GW in the same duration last year. At the end of Q3 2021, the cumulative installed capacity was 47 GW.

India added around 11.6 GW of power capacity in the nine months of 2021. Solar power dominated capacity additions that account for almost 60%, and then the thermal power that contributed almost 21%.

Despite several market challenges solar installations continue to increase.

In the fourth quarter of 2021, solar power generation was 17.09 billion units, which marks a 6.7% QoQ growth when compared to 16.02 billion units generated in the last quarter. Solar power generation has increased by 20.27% in comparison with 14.21 billion units in Q4 2020.

After witnessing a fall of 11.6% QoQ in Q3 the solar power generation came back on track in Q4 2021.

In comparison, solar power generation increased by 21% and was 60.4 billion units in the fiscal year 2020-21 from 50.1 billion units in the fiscal year 2019-20.

Image Source

Also read: Solar generation in India surges 18% to 51.67 BU in Q3 CY21

India has generated nearly 68.77 billion units of solar power energy in the year 2021, an 18% YoY increase in comparison with 58.19 billion units (BU) generated in the preceding year, due to the new capacity installations. In the initial nine months of 2021, India has installed 7.4 GW of new solar capacity. Which is 335% YoY more when compared to 1.73 GW in the same duration last year. At the end of Q3 2021, the cumulative installed capacity was 47 GW. India added around 11.6 GW of power capacity in the nine months of 2021. Solar power dominated capacity additions that account for almost 60%, and then the thermal power that contributed almost 21%. Despite several market challenges solar installations continue to increase. In the fourth quarter of 2021, solar power generation was 17.09 billion units, which marks a 6.7% QoQ growth when compared to 16.02 billion units generated in the last quarter. Solar power generation has increased by 20.27% in comparison with 14.21 billion units in Q4 2020. After witnessing a fall of 11.6% QoQ in Q3 the solar power generation came back on track in Q4 2021. In comparison, solar power generation increased by 21% and was 60.4 billion units in the fiscal year 2020-21 from 50.1 billion units in the fiscal year 2019-20. Image Source Also read: Solar generation in India surges 18% to 51.67 BU in Q3 CY21

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code