India's solar installations in 2021 surpass a record 10 GW capacity
07 Mar 2022
2 Min Read
CW Team
According to Mercom India Research's recently released Q4 and Annual India Solar Market Update report, India installed a record 10 GW of new solar capacity in 2021, a huge jump of 210% year-over-year (YoY) compared to 3.2 GW installed in 2020.
In India, this is the highest annual capacity of solar installations ever.
Solar capacity installed to date totalled 49.3 GW. In addition, the country has a development pipeline of more than 53 GW.
India installed 2.6 GW of solar in Q4 2021, a 7% decrease from the 2.8 GW installed in Q3 2021. When compared to 1.5 GW in Q4 2020, the installations increased by 74% YoY.
According to the report, utility-scale projects accounted for 83% of total installations last year, with 8.3 GW added, a 230% increase over the previous year. Rooftop installations made up the remaining 17%, with nearly 1.7 GW of new installations, a 138% increase over 2020.
As the country slowly recovered from the Covid-19 pandemic, a large number of projects were pushed from 2020 to 2021, contributing to the year's increase in installations.
In comparison to the 2.4 GW added in Q3 2021, 2.2 GW of utility-scale solar was added in Q4 2021. When compared to 1.2 GW installed in Q4 2020, utility-scale installations grew by 82% YoY. Rooftop solar capacity added fell by about 10% in Q4 2021, from 448 MW in Q3 2021 to 402 MW in Q4 2021.
Despite the challenges, including an increase in raw material prices due to supply chain disruptions and Covid-19-induced lockdowns, the industry remained resilient throughout the year, according to the report.
Solar accounted for 12.4% of total installed power capacity and 32% of total installed renewable capacity at the end of December 2021, according to the report.
The year also saw delays in the signing of power purchase agreements (PPAs) and a lack of clarity about the applicable duties, resulting in a 4.3% YoY decrease in solar tenders and a 2.6% decrease in auctions compared to 2020.
Also read: India's solar generation surges by 18% YoY to 68.77 BU in 2021
According to Mercom India Research's recently released Q4 and Annual India Solar Market Update report, India installed a record 10 GW of new solar capacity in 2021, a huge jump of 210% year-over-year (YoY) compared to 3.2 GW installed in 2020.
In India, this is the highest annual capacity of solar installations ever.
Solar capacity installed to date totalled 49.3 GW. In addition, the country has a development pipeline of more than 53 GW.
India installed 2.6 GW of solar in Q4 2021, a 7% decrease from the 2.8 GW installed in Q3 2021. When compared to 1.5 GW in Q4 2020, the installations increased by 74% YoY.
According to the report, utility-scale projects accounted for 83% of total installations last year, with 8.3 GW added, a 230% increase over the previous year. Rooftop installations made up the remaining 17%, with nearly 1.7 GW of new installations, a 138% increase over 2020.
As the country slowly recovered from the Covid-19 pandemic, a large number of projects were pushed from 2020 to 2021, contributing to the year's increase in installations.
In comparison to the 2.4 GW added in Q3 2021, 2.2 GW of utility-scale solar was added in Q4 2021. When compared to 1.2 GW installed in Q4 2020, utility-scale installations grew by 82% YoY. Rooftop solar capacity added fell by about 10% in Q4 2021, from 448 MW in Q3 2021 to 402 MW in Q4 2021.
Despite the challenges, including an increase in raw material prices due to supply chain disruptions and Covid-19-induced lockdowns, the industry remained resilient throughout the year, according to the report.
Solar accounted for 12.4% of total installed power capacity and 32% of total installed renewable capacity at the end of December 2021, according to the report.
The year also saw delays in the signing of power purchase agreements (PPAs) and a lack of clarity about the applicable duties, resulting in a 4.3% YoY decrease in solar tenders and a 2.6% decrease in auctions compared to 2020.
Image Source
Also read: India's solar generation surges by 18% YoY to 68.77 BU in 2021
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..
Next Story
INDEA Lays Foundation for India鈥檚 First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..
