From pv magazine India
India added approximately 6.8 GW of new solar capacity during the first half of 2023, including 4.2 GW of utility-scale projects, 2.3 GW of rooftop installations, and 0.3 GW of offgrid systems. This marked a decrease of about 15% compared to solar installations in the first half of 2022, according to a recent report by JMK Research & Analytics.
In the second quarter of 2023 (April-June period), around 1.7 GW of utility-scale solar capacity was installed, up 28% from the preceding quarter.
India's cumulative installed renewable capacity reached 129.6 GW as of June 30, 2023. Among renewable sources, solar maintained its dominance, contributing 54% to the total mix, followed by wind at 34%.
A promising pipeline of approximately 66 GW for solar, wind, and hybrid projects is expected to be commissioned within the next four to five years. Additionally, 61.9 GW of projects are in the bidding phase, where tenders have been issued but auctions are yet to be finalized.
Analysts at JMK Research said that India will add around 13 GW of new solar capacity (9 GW of utility-scale solar and 4 GW of rooftop PV) and 4.1 GW of wind capacity in calendar year 2023. Furthermore, approximately 5.8 GW of solar and 2.3 GW of wind capacity are expected to be added in the upcoming two quarters.
In the second quarter of 2023, Sineng led in terms of inverter shipments, followed by Sungrow and Fimer, while Waaree emerged as the leading module supplier, accounting for approximately 14.2% of the total shipments
Adani emerged as a major player in both the utility-scale solar and wind segments, boasting an operational capacity of approximately 8.3 GW and a robust pipeline of 20.4 GW.
In the Indian market, the price of Chinese mono PERC modules (excluding goods and services tax and basic customs duty) stood at $0.27/Wp to $0.29/Wp during the second quarter of 2023, down 9% to 13% from the previous quarter. Bifacial module prices ranged between $0.30/Wp to $0.32/Wp.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.