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
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?