+
Solar installations in India reach 40 GW milestone
POWER & RENEWABLE ENERGY

Solar installations in India reach 40 GW milestone

India’s cumulative solar installations have reached the 40 GW milestone as of February 2021, with the country’s total installations comprising 34.9 GW of utility-scale solar installations and 5.1 GW of rooftop solar installations, according to Mercom India Research.

Currently, India has a target of 100 GW solar installations by 2022 under the National Solar Mission. The country crossed the 20 GW milestone in January 2018. The National Solar Mission’s original target was 20 GW by 2022 but was revised to 100 GW by 2022. In May 2019, India marked the 30 GW milestone.

Installations slowed down in 2020 due to the Covid-19 pandemic. Construction activity for ongoing projects came to a halt, and the solar supply chain took a hit. Prior to the pandemic and the subsequent nationwide lockdown on 23 March 2020, solar installations were around 37 GW.

Government agencies, however, floated about 32 GW of tenders in the calendar year (CY) 2020, a 7% decline compared to 35 GW in 2020.

Mercom’s Q4 2020 and Annual India Solar Market Update also showed that India installed 3,239 MW of solar capacity in the CY 2020, a 56% decline compared to 7,346 MW in 2019.

However, rooftop solar capacity additions slowed down to just 719 MW during CY 2020. The segment also grapples with the government’s net metering policy, which allows only for loads up to 10 kW.

Considering that several projects scheduled for 2020 were moved to 2021, Mercom India Research now expects the country to add about 10 GW of solar capacity in 2021.

Solar power also recently hit another significant milestone this year as the share of solar power in India’s installed power capacity mix reached 10.3%, exceeding that of wind-based power sources for the first time, according to Mercom’s data. The share of installed wind capacity stood at 10.25%.

Image Source


Also read: India's solar capacity addition at five-year lowest

Also read: Total solar capacity surpasses wind capacity in India

India’s cumulative solar installations have reached the 40 GW milestone as of February 2021, with the country’s total installations comprising 34.9 GW of utility-scale solar installations and 5.1 GW of rooftop solar installations, according to Mercom India Research. Currently, India has a target of 100 GW solar installations by 2022 under the National Solar Mission. The country crossed the 20 GW milestone in January 2018. The National Solar Mission’s original target was 20 GW by 2022 but was revised to 100 GW by 2022. In May 2019, India marked the 30 GW milestone. Installations slowed down in 2020 due to the Covid-19 pandemic. Construction activity for ongoing projects came to a halt, and the solar supply chain took a hit. Prior to the pandemic and the subsequent nationwide lockdown on 23 March 2020, solar installations were around 37 GW. Government agencies, however, floated about 32 GW of tenders in the calendar year (CY) 2020, a 7% decline compared to 35 GW in 2020. Mercom’s Q4 2020 and Annual India Solar Market Update also showed that India installed 3,239 MW of solar capacity in the CY 2020, a 56% decline compared to 7,346 MW in 2019. However, rooftop solar capacity additions slowed down to just 719 MW during CY 2020. The segment also grapples with the government’s net metering policy, which allows only for loads up to 10 kW. Considering that several projects scheduled for 2020 were moved to 2021, Mercom India Research now expects the country to add about 10 GW of solar capacity in 2021. Solar power also recently hit another significant milestone this year as the share of solar power in India’s installed power capacity mix reached 10.3%, exceeding that of wind-based power sources for the first time, according to Mercom’s data. The share of installed wind capacity stood at 10.25%. Image Source Also read: India's solar capacity addition at five-year lowest Also read: Total solar capacity surpasses wind capacity in India

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code