Five charts summarising RE development in 2018

14 January 2019 |

2018 was the first year to see a dip in RE capacity addition in India. The highest reduction was in wind (-52%), followed by utility scale solar (-29%) but rooftop solar continued to grow healthily (+73%). 

Figure 1: RE capacity addition, MW

Source: BRIDGE TO INDIA research

2018 saw a huge surge in new tenders. However, actual project allocation was much less due to multiple instances of tender cancellations. 

Figure 2: Tender issuance and auctions, MW

Source: BRIDGE TO INDIA research

Tender issuance was dominated by SECI pan-India tenders (21,300 MW). Maharashtra, Uttar Pradesh, Andhra Pradesh, Gujarat and Karnataka were the top five states to issue new tenders. 

Figure 3: Tender issuance in key states, MW

Source: BRIDGE TO INDIA research

Solar PV module prices saw a steep decline in 2018, falling from USD 0.33/ W at the beginning of the year to USD 0.21/ W at the end. 

Figure 4: Solar PV module prices, USD cents/ W

Source: BRIDGE TO INDIA research

Note: These prices are for imported modules on a CIF basis (before any local tax or duty). Wind tariffs declined substantially in 2018 and stayed below solar tariffs for most part of the year. 

Figure 5: Average solar and wind tariffs, INR/ kWh

Source: BRIDGE TO INDIA research


Recent reports

India PV Module Intelligence Brief – Q1 2022   

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technol...

Buy Report

India Corporate Renewable Brief | Q1 2022   

Our latest edition of quarterly report provides a detailed regular update on key trends and developments in the C&I renewable market....

Buy Report Download Executive Summary

India Solar Compass Q1 2022   

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and po...

Buy Report Download Executive Summary

Technical Standards For Balance of Systems In Solar Projects

India’s solar capacity has grown from just 10.5 GW to 52 GW in the last five years and the country has adopted ambitious target of building 280 GW s...

Download

India PV Module Intelligence Brief – Q4 2021   

BRIDGE TO INDIA has released a new quarterly report, India PV Module Intelligence Brief, capturing ongoing demand-supply, pricing, technology and poli...

Buy Report

Solar pumps – waiting to take off   

The government has set a target to install 2 million off-grid and 0.75 million grid connected agricultural solar pumps by FY 2023. However, progress h...

Buy Report Download Executive Summary
Award winnig research
We use cookies to offer you an optimal user experience and collect information on website usage.