The leaders in the Indian solar market
POWER & RENEWABLE ENERGY

The leaders in the Indian solar market

Solar accounted for 56% of the country’s new power capacity additions in the first half of the year, and the India Solar Market Leaderboard 1H 2020 from Mercom India Research reveals the Indian solar industry’s market leaders, from the first half (H1) of the calendar year (CY) 2020.

The report includes market share and shipment rankings of major stakeholders across the Indian solar supply chain in H1 of 2020.

H1 2020 saw the COVID-19 pandemic severely affect the Indian solar market, resulting in a slowdown in solar installation activity across the board.

Solar installations in 1H of 2020 totalled 1.3 GW, a 60% drop compared to 3.2 GW of installed capacity in H1 of 2019. However, India still maintains a strong pipeline of 41.7 GW of utility-scale projects under development, with another 34.2 GW of tenders awaiting auction.

In large-scale solar installations, Hero Futures Energies leads the pack. With 1,016 MW installed, utility- scale solar installations represented 78% of the capacity additions in the half-year. Adani leads in terms of cumulative installed capacity, though.

Labour shortages, logistical issues, and the challenge of balancing project economics plagued the solar EPC segment. Sterling & Wilson topped the list in that category. That company also has the largest solar EPC portfolio overall.

The report can be accessed here.

Source: Mercom India

Solar accounted for 56% of the country’s new power capacity additions in the first half of the year, and the India Solar Market Leaderboard 1H 2020 from Mercom India Research reveals the Indian solar industry’s market leaders, from the first half (H1) of the calendar year (CY) 2020. The report includes market share and shipment rankings of major stakeholders across the Indian solar supply chain in H1 of 2020. H1 2020 saw the COVID-19 pandemic severely affect the Indian solar market, resulting in a slowdown in solar installation activity across the board. Solar installations in 1H of 2020 totalled 1.3 GW, a 60% drop compared to 3.2 GW of installed capacity in H1 of 2019. However, India still maintains a strong pipeline of 41.7 GW of utility-scale projects under development, with another 34.2 GW of tenders awaiting auction. In large-scale solar installations, Hero Futures Energies leads the pack. With 1,016 MW installed, utility- scale solar installations represented 78% of the capacity additions in the half-year. Adani leads in terms of cumulative installed capacity, though. Labour shortages, logistical issues, and the challenge of balancing project economics plagued the solar EPC segment. Sterling & Wilson topped the list in that category. That company also has the largest solar EPC portfolio overall. The report can be accessed here. Source: Mercom India

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code