India's solar capacity addition at five-year lowest
04 Mar 2021
2 Min Read
Editorial Team
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 鈥渟ignificant positive growth鈥� has been noted this year.
Mercom India Research reports that in 2020, at 3,239 MW, India鈥檚 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聽
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鈥檚 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.
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 鈥渟ignificant positive growth鈥� has been noted this year.
Mercom India Research reports that in 2020, at 3,239 MW, India鈥檚 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聽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鈥檚 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
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