India adds 2,835 MW solar capacity in Q3, surged by 14%
POWER & RENEWABLE ENERGY

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

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

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

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?