India adds 2,835 MW solar capacity in Q3, surged by 14%

16 Dec 2021 CW Team

India included 2,835 MW of solar capacity in the third quarter (Q3) of the calendar year (CY) 2021, surging by 14% as against 2,488 MW set up in Q2 2021.

The figures observed a tremendous 547% year-over-year (YoY) surge.

As per the report, in 9M 2021, India increased more than 7.4 GW of solar capacity, a surge of 335% as against 1.73 GW in 9M last year.

The cumulative set up capacity at the end of Q3 2021 reached 46.6 GW.

The figures received greater importance as installations increased despite several market challenges. Ongoing projects have been loaded by the increase in raw material costs and a sudden increase in freight charges in recent months.

Solar module costs have been spiraling for quite some time. As per the report, module costs have grown for the sixth consecutive quarter.

The quarter additionally witnessed the greatest QoQ increase in large-scale system prices by more than 10%, attributed to the surge in raw material and component costs.

Rajasthan remained the top state for the third consecutive quarter by adding 63% of the total large-scale solar installations in the nation. As of September 2021, the leading 10 states estimated approximately 96% of the nation's cumulative large-scale solar establishments.

According to the report, India added about 11.6 GW of power capacity in 9M 2021. Solar dominated capacity additions, estimated at 60%, followed by thermal power, which added 21%. Renewable energy (including large hydro) made up 79% of total power capacity additions in 9M 2021.

Image Source

Also read: India adds 2,488 MW solar capacity in Q2, rising 19% QoQ over Q1

Also read: India records 53% increase in rooftop solar installations in Q2 FY21

Infrastructure Urban

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..