India witnesses 10 GW of solar installations in CY 2021
POWER & RENEWABLE ENERGY

India witnesses 10 GW of solar installations in CY 2021

India installed 10 GW of solar capacity in the calendar year (CY) 2021. The installations marked a 210% year-on-year (YoY) growth, compared to 3.2 GW in CY 2020.

Large-scale solar projects accounted for 83% of renewable energy installations during the year, with a 230% YoY growth at 8.3 GW.

According to India Solar Market Leaderboard 2022, in CY 2021, ReNew Power was the largest utility-scale developer in terms of installations. It acquired 260 MW solar projects in Telangana and installed 250 MW interstate transmission system (ISTS) solar projects in Jaisalmer, Rajasthan. The company was listed on the Nasdaq in 2021 after completing RMG Acquisition Corporation II, a special purpose acquisition company (SPAC).

Adani Green positioned second in terms of installed capacity in 2021, which included a 150 MW solar project in Kutch, Gujarat, commissioned three months ahead of schedule.

Adani's acquisition of SB Energy expanded its portfolio by 1,700 MW of operational and 3,554 MW of renewable energy projects under construction. Other acquisitions are solar projects of Essel Green Energy, Sterling & Wilson, SkyPower Global, and Hindustan Power.

Azure Power was in the third position. The company sold its non-core rooftop solar portfolio during CY 2021. OMERS Infrastructure acquired a 19.4% stake for $219 million from International Finance Corporation (IFC) and IFC GIF Investment Company.

Mahindra Susten and Tata Power Renewables rounded off the top five position.

These top five developers accounted for almost 50% of the total utility-scale solar installations during the period.

Adani Green Energy was the top utility-scale developer of operational and under-development capacities as of December 2021, followed by Azure Power and National Thermal Power Corporation (NTPC).

The top 10 utility-scale solar developers accounted for 68% of the total installations. In the first half (H1) of CY 2021, Adani Solar, Avaada Energy, and Azure Power were the top utility-scale solar project developers.

Image Source

Also read: India's solar installations in 2021 surpass a record 10 GW

India installed 10 GW of solar capacity in the calendar year (CY) 2021. The installations marked a 210% year-on-year (YoY) growth, compared to 3.2 GW in CY 2020. Large-scale solar projects accounted for 83% of renewable energy installations during the year, with a 230% YoY growth at 8.3 GW. According to India Solar Market Leaderboard 2022, in CY 2021, ReNew Power was the largest utility-scale developer in terms of installations. It acquired 260 MW solar projects in Telangana and installed 250 MW interstate transmission system (ISTS) solar projects in Jaisalmer, Rajasthan. The company was listed on the Nasdaq in 2021 after completing RMG Acquisition Corporation II, a special purpose acquisition company (SPAC). Adani Green positioned second in terms of installed capacity in 2021, which included a 150 MW solar project in Kutch, Gujarat, commissioned three months ahead of schedule. Adani's acquisition of SB Energy expanded its portfolio by 1,700 MW of operational and 3,554 MW of renewable energy projects under construction. Other acquisitions are solar projects of Essel Green Energy, Sterling & Wilson, SkyPower Global, and Hindustan Power. Azure Power was in the third position. The company sold its non-core rooftop solar portfolio during CY 2021. OMERS Infrastructure acquired a 19.4% stake for $219 million from International Finance Corporation (IFC) and IFC GIF Investment Company. Mahindra Susten and Tata Power Renewables rounded off the top five position. These top five developers accounted for almost 50% of the total utility-scale solar installations during the period. Adani Green Energy was the top utility-scale developer of operational and under-development capacities as of December 2021, followed by Azure Power and National Thermal Power Corporation (NTPC). The top 10 utility-scale solar developers accounted for 68% of the total installations. In the first half (H1) of CY 2021, Adani Solar, Avaada Energy, and Azure Power were the top utility-scale solar project developers. Image Source Also read: India's solar installations in 2021 surpass a record 10 GW

Next Story
Infrastructure Energy

Oil Prices Rise Amid Iran-Israel Tensions Despite Record U.S. Output

Oil prices increased due to reports that Iran was preparing a retaliatory strike on Israel from Iraq, although record output from the United States tempered these gains. Brent crude futures rose by 29 cents, or 0.4%, to settle at $73.10 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 23 cents, or 0.3%, closing at $69.49. Both benchmarks had reached session highs of over $2 a barrel earlier in the day. Analyst Ole Hvalbye from SEB Research commented that any Iranian response might be restrained, similar to Israel's limited strike from the previous weekend, suggesting that such a..

Next Story
Infrastructure Urban

South and Southeast Asia to Invest Over $20 Billion in EV Development

A recent report by S&P Global Ratings projects that South and Southeast Asia will invest over $20 billion in electric vehicle (EV) development in the coming years, with India poised to attract significant EV-related investments. The report highlights India's vast market potential as a key driver for this growth. According to the report, the Tata and JSW groups are expected to invest over $30 billion in EVs and EV materials over the next decade, with approximately $10 billion allocated specifically for projects in South and Southeast Asia. The adoption of electric vehicles in India is anticip..

Next Story
Infrastructure Urban

India and Saudi Arabia Explore Collaboration in Emerging Sectors

India and Saudi Arabia are exploring partnerships in emerging fields such as fintech, new technologies, energy efficiency, clean hydrogen, textiles, and mining to strengthen trade and investment ties, an official statement revealed on Friday. The discussions took place during Commerce and Industry Minister Piyush Goyal's visit to Riyadh, where he co-chaired the second meeting of the Economy and Investment Committee under the India-Saudi Strategic Partnership Council (SPC) with Saudi Energy Minister Abdulaziz bin Salman Al-Saud on October 30. These sectors were identified as high-potential are..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000