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

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?