India's solar capacity addition at five-year lowest
POWER & RENEWABLE ENERGY

India's solar capacity addition at five-year lowest

Last year, India saw its solar power capacity additions shrink by 56% on a year-on-year basis due to Covid-induced lockdowns, but a “significant positive growth” has been noted this year.

Mercom India Research reports that in 2020, at 3,239 MW, India’s newly commissioned solar photovoltaic (PV) capacity reached its lowest level in five years, and the drop in power sale agreements as tariffs in auctions experienced a steep fall. A rise in module prices and the lockdowns have contributed to the decline.

This year, with policies aiming to promote domestic manufacturing and curb imports of solar components, the sector is set for growth. Market analysts anticipate over 10 GW of solar capacity addition in 2021, given the upcoming commissioning of delayed projects in 2020.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


According to media sources, India commissioned 2.5 GW of large scale solar parks in the past year, or 60% less than a year before. Rooftop installations fell 35% in annual terms to 719 MW and accounted for 22% of the total capacity additions. Regionally, Rajasthan, Gujarat and Andhra Pradesh were the three states with the largest share of new installations for the year.

In the fourth quarter, 1.5 GW of solar parks were put on stream, down from 1.8 GW a year back. Out of this, 1.2 GW came from the large scale solar sector, and 285 MW was from the rooftop systems.

Overall, solar was responsible for 48% of India’s total power capacity additions in 2020. Its cumulative installed solar capacity at the year end amounted to 39 GW, and around 47.5 GW was in the pipeline.

Image Source


Also read: Cities, states issue tenders for solar projects

Also read: Total solar capacity surpasses wind capacity in India

Last year, India saw its solar power capacity additions shrink by 56% on a year-on-year basis due to Covid-induced lockdowns, but a “significant positive growth” has been noted this year. Mercom India Research reports that in 2020, at 3,239 MW, India’s newly commissioned solar photovoltaic (PV) capacity reached its lowest level in five years, and the drop in power sale agreements as tariffs in auctions experienced a steep fall. A rise in module prices and the lockdowns have contributed to the decline. This year, with policies aiming to promote domestic manufacturing and curb imports of solar components, the sector is set for growth. Market analysts anticipate over 10 GW of solar capacity addition in 2021, given the upcoming commissioning of delayed projects in 2020.4th Indian Cement Review Conference 202117-18 March Click for event info According to media sources, India commissioned 2.5 GW of large scale solar parks in the past year, or 60% less than a year before. Rooftop installations fell 35% in annual terms to 719 MW and accounted for 22% of the total capacity additions. Regionally, Rajasthan, Gujarat and Andhra Pradesh were the three states with the largest share of new installations for the year. In the fourth quarter, 1.5 GW of solar parks were put on stream, down from 1.8 GW a year back. Out of this, 1.2 GW came from the large scale solar sector, and 285 MW was from the rooftop systems. Overall, solar was responsible for 48% of India’s total power capacity additions in 2020. Its cumulative installed solar capacity at the year end amounted to 39 GW, and around 47.5 GW was in the pipeline. Image Source Also read: Cities, states issue tenders for solar projects Also read: Total solar capacity surpasses wind capacity in India

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?