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Quarterly Utility Scale Solar Installation in India 2017-2021

Quarterly Utility Scale Solar Installation in India 2017-2021

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1. In Q1 2021, utility-scale projects accounted for 64% of the total solar installed, which was up by 50% from the Q4 2020, where the installations were around 1.12 GW has been installed. …. for more click here https://bit.ly/isearcheqjunereport21

2. Renewable capacity additions continue to increase at a rapid pace in India, accounting for approximately 25 percent of India’s power capacity mix at the end of June 2021. ….…. for more click here https://bit.ly/isearcheqjunereport21

3. Solar Power generation is having the largest percentage in terms of generation with 6,122.18 million units and contributes 52.6% of the total renewable generation share followed by Wind Power ….…. for more click here https://bit.ly/isearcheqjunereport21

4. In the last financial year 2020-21, Exchange culminates with the highest ever yearly electricity volume of 73,941 million units (MU) achieving 37% YoY growth. ….…. for more click here https://bit.ly/isearcheqjunereport21

5. The price of solar PV modules was quite unpredictable and the reason for fluctuation in the ASP of solar modules is due to uncertainty due to Covid, raw materials price is changing every week such also increase in the freight charges, also currency fluctuations. The below ASP doesn’t include any duty or taxes. ………. for more click here https://bit.ly/isearcheqjunereport21

6. The installations in CY 2020 were reduced to 3.7 GW from 8.5 GW in CY 2019. Even in CY 2021, the installations might be low due to an increase in the raw materials price, increased freight charges, and extension for project commissioning due date. …………. for more click here https://bit.ly/isearcheqjunereport21

7. RE contribute 46% of the total installed power capacity in the Southern Region followed by Western Region with 31% by June 2021. ….…………. for more click here https://bit.ly/isearcheqjunereport21

8. Discom paid around ₹33,884 crores in March 2021, which was the highest payment done through discoms side in recent months. ….…………. for more click here https://bit.ly/isearcheqjunereport21

9. Karnataka, Rajasthan, Tamil Nadu, Andhra Pradesh were the top state who have installed grid-connected utility-scale projects of above 4 GW. The top six states under the utility scale cover 78% of the total installed capacity of 35.6 GW. ….…………. for more click here https://bit.ly/isearcheqjunereport21

10. Of all the Renewable Energy, Solar Power has the potential of around 750 GW across the country. JNNSM target of Solar power by 2022 are 100 GW of this 41 GW has already been achieved by March 2021. Of the total potential for solar around 5.5% has been installed/achieved. ….…………. for more click here https://bit.ly/isearcheqjunereport21

11. Solar Panels Imports into India in 1H of CY 2021 has a crossed billion-dollar mark. The top two suppliers of Solar Panels to India are giving tough competition to the other suppliers and captured maximum market share. ….…………. for more click here https://bit.ly/isearcheqjunereport21

12. In the first half of CY 2021, Tata Power Solar, ReNew, Avaada Energy, Adani Green were the top procurer of Solar PV modules in India. ….…………. for more click here https://bit.ly/isearcheqjunereport21

13. The total value of combined String and Central Inverter imports into India excluding “Make in India” products in Q1 2021 were around $46.5 Million (₹344 crore). The top supplier in this category was Sungrow, Kehua Tech followed by Sofarsolar. ….…………. for more click here https://bit.ly/isearcheqjunereport21

14. Solar Tender in calendar year 2021 ….…………. for more click here https://bit.ly/isearcheqjunereport21

15. Solar Auction in India in 2021 ….…………. for more click here https://bit.ly/isearcheqjunereport21

16. Report covers 41 state distribution utilities (Discoms) spreading across 22 Indian states. State Power/ Energy Departments and private sector distribution utilities are not covered under this rating exercise. ….…………. for more click here https://bit.ly/isearcheqjunereport21

Anand Gupta Editor - EQ Int'l Media Network