Loading...

India PV Module Intelligence Brief | Q4 2022

India PV Module Intelligence Brief | Q4 2022


23 February 2023 | BRIDGE TO INDIA

India PV Module Intelligence Brief | Q4 2022

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, pricing trends across the value chain and key international developments.

Figure: Domestic module shipments, Q4 2022

Source: BRIDGE TO INDIA research

Q4 saw capacity addition of 2,755 MW, down 17% over the previous quarter. Total module demand in the quarter was estimated at 3,791 MWp, split 56:25:14:5 between utility scale, open access, rooftop solar and off grid solar respectively. Share of domestic modules for projects commissioned in the quarter has increased steadily to 36%. Module imports have fallen sharply but cell imports jumped 35% QOQ to 1,775 MWp. Domestic production also increased 42% to 2,445 MWp. Using conservative assumptions, we expect domestic cell and module capacity to increase to 12 GW and 55 GW respectively by end of the year.


Recent reports

India PV Module Intelligence Brief | Q3 2024

India PV Module Intelligence Brief | Q3 2024

This report encapsulates quarterly trends in module demand and supply, import and domestic production volumes, supplier market share, break-up by technology and rating, global market scenario, pricing across the value chain, key policy developments and market outlook.

India Corporate Renewable Brief | Q3 2024

India Corporate Renewable Brief | Q3 2024

This report provides a quarterly update on key trends and developments in the corporate renewable market including capacity addition, key players, policy issuances, financing, equipment prices and other market trends.

India Renewable Compass | Q3 2024

India Renewable Compass | Q3 2024

This report provides a detailed update of all key sector developments and trends in the quarter – capacity addition, leading players, tenders and policy announcements, equipment prices, financial deals and other market developments. It also provides market outlook for the next two quarters.

India Solar Rooftop Map | June 2024

India Solar Rooftop Map | June 2024

India Solar Rooftop Map is an info-graphic report providing a snapshot of rooftop solar market in India – capacity addition across states and consumer segments, market share of leading players and other key trends. Total rooftop solar capacity is estimated to have reached 16,914 MW by June 2024. Total new installations in year-ending June 2024 are estimated at 4,151 MW, up a staggering 73% over previous year.

Powering up renewables with battery energy storage systems

Powering up renewables with battery energy storage systems

India’s battery energy storage systems (BESS) market is poised for significant expansion, driven by ambitious renewable energy (RE) targets and an increasing need for grid stability. Government initiatives and technological advancements are propelling this growth. However, supply chain risks and cost challenges remain.

India Renewable Map | June 2024

India Renewable Map | June 2024

This info-graphic report provides a complete overview of the renewable sector including solar and wind installed capacity, leading players and their market shares, tariff trends and other market trends. India’s total solar and wind capacity reached 117,085 MW by 30 June 2024. New capacity addition in the last 12 months was 14,238 MW, increased by 32% y-o-y.

To top