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.
Figure: Total installed and pipeline capacity, MW, 31 December 2021
Source: BRIDGE TO INDIA, MNRE
Q1 2022 was another bumper quarter as India added 4,318 MW solar power capacity, the second highest ever. Capacity addition was split 85:13:2 between utility scale, rooftop solar and off-grid solar at 3,759 MW, 575 MW and 84 MW respectively. Total installed capacity reached 56,812 MW by 31 March 2022.