+
 Indian solar sector investments dropped by 30% QoQ in Q1 2021
POWER & RENEWABLE ENERGY

Indian solar sector investments dropped by 30% QoQ in Q1 2021

The investments made in the solar sectors of India fell by 30% and stood at $1.04 billion in the first quarter (Q1) of the calendar year (CY) 2021 in comparison to $1.49 in Q4 2020.

In YoY comparison, the investments increased by 7% compared to the $0.97 invested around the same period the previous year.

The second wave of Covid-19 is severe in the country, affecting the overall investments in the solar sector.

From the total investments made, the utility-scale solar project received investments of around $875 million, which is 48% greater as compared to $591 million in the last quarter. Rooftop solar projects faced an investment of $159 million in Q1 2021, up by 11% compared to $143 million in Q4 2020.

No investments were made in the solar manufacturing sector in the first quarter (Q1) of 2021. However, with the approval of the production-linked incentive (PLI) scheme, there is an expectation of a significant increase in investments in solar manufacturing. The tender under this program has been released, and the deadline to submit the bids is 30 June 2021.

Previously, the investments in the solar sector of India had fallen by 66% and stood at $2.8 billion in the calendar year (CY) 2020, as compared to the year 2019, where it stood at $8.2 billion.

Image Source


Also read: Solar power: India third most attractive country for solar investment

Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023

The investments made in the solar sectors of India fell by 30% and stood at $1.04 billion in the first quarter (Q1) of the calendar year (CY) 2021 in comparison to $1.49 in Q4 2020. In YoY comparison, the investments increased by 7% compared to the $0.97 invested around the same period the previous year. The second wave of Covid-19 is severe in the country, affecting the overall investments in the solar sector. From the total investments made, the utility-scale solar project received investments of around $875 million, which is 48% greater as compared to $591 million in the last quarter. Rooftop solar projects faced an investment of $159 million in Q1 2021, up by 11% compared to $143 million in Q4 2020. No investments were made in the solar manufacturing sector in the first quarter (Q1) of 2021. However, with the approval of the production-linked incentive (PLI) scheme, there is an expectation of a significant increase in investments in solar manufacturing. The tender under this program has been released, and the deadline to submit the bids is 30 June 2021. Previously, the investments in the solar sector of India had fallen by 66% and stood at $2.8 billion in the calendar year (CY) 2020, as compared to the year 2019, where it stood at $8.2 billion. Image SourceAlso read: Solar power: India third most attractive country for solar investment Also read: JSW Energy plans to add 2,600 MW RE capacity by 2023

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code