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
Real Estate

Pune Records 11% Drop in Property Registrations in Nov

Property registrations in Pune saw a decline of 11 percent year-on-year in November, totaling 13,371 units, despite robust demand, according to a report by Knight Frank India. The real estate consultancy revealed that the total registrations in November 2024 generated a revenue of Rs 475 crore for the state. This marked a fall from last year's figure of 14,988 units in the same month. Compared to October 2024, when 20,894 units were registered, November’s figures represent a 36 percent decrease. Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated that Pune’s proper..

Next Story
Infrastructure Energy

Oriana Power Signs MoU with Rajasthan in Clean Energy

Oriana Power, a publicly-listed company on the NSE, announced on Monday that it has entered into a Memorandum of Understanding (MoU) with the Rajasthan government to invest Rs 10,000 crore in a series of clean energy projects. The projects will focus on solar energy, floating solar, green hydrogen, and energy storage solutions. The agreement was finalized in Jaipur during the recently concluded Rising Rajasthan Global Summit 2024. Oriana Power has identified six key locations in the state for these projects, including one in Bikaner, two in Churu, and three in Phalodi districts. Rupal Gupta, M..

Next Story
Infrastructure Energy

PM Surya Ghar Scheme Set to Surpass 10 Years of Solar Growth

The PM Surya Ghar Muft Bijli Yojana has achieved a remarkable milestone, surpassing 6.85 lakh solar installations within a year and poised to exceed a decade's worth of solar growth. The scheme, launched in February 2024, has already achieved 86 percent of the solar installations made in the last ten years. The 3-5 kW segment accounted for the majority of installations, at 77 percent, while 14 percent of installations were in the 5kW+ category. Gujarat led the charge with 2,86,545 installations, followed by Maharashtra with 1,26,344, Uttar Pradesh with 53,423, and Kerala. The scheme, which now..

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