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 Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?