+
 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

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?