Loading...

India Solar Compass | Q2 2023


20 August 2023 | BRIDGE TO INDIA

India Solar Compass | Q2 2023

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 1: Total installed and pipeline capacity by offtake, 30 June 2023, MW

Source: BRIDGE TO INDIA research, MNRE
Note: Only ground-mounted grid connected projects above 1 MW (AC) are considered. Data includes solar capacity share
in solar-wind hybrid projects. All capacity numbers in this report are stated in MW AC, unless stated otherwise.

India is estimated to have added total solar power capacity of 2,321 MW in Q2 2023, 12% drop over earlier quarter, taking total installed capacity to 73,212 MW. Capacity addition was split between utility scale, rooftop solar and off-grid solar at 1,527 MW, 679 MW and 115 MW respectively. Falling module prices are expected to provide a significant boost to capacity addition over the next two years. 


Recent reports

India Corporate Renewable Brief | Q4 2023

India Corporate Renewable Brief | Q4 2023

This report provides an update on key trends and developments in the corporate renewable market including capacity addition, key players, policy & regulatory issuance, financing, PPA tariffs and other market trends.

India PV Module Intelligence Brief | Q4 2023

India PV Module Intelligence Brief | Q4 2023

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

India Solar Compass | Q4 2023

India Solar Compass | Q4 2023

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.

Inter-state OA — opportunities and challenges

Inter-state OA — opportunities and challenges

Inter-state transmission system (ISTS) open access (OA) renewable market is growing strongly on the back of multiple drivers including a waiver from ISTS charges together with decarbonisation pressure on corporates and streamlined transmission connectivity approval process. However, the ISTS route savings are viable only for projects commissioned by June 2026 (at least 75% ISTS charge waiver).

India Corporate Renewable Brief | Q3 2023

India Corporate Renewable Brief | Q3 2023

This report provides an update on key trends and developments in the corporate renewable market including capacity addition, key players, policy & regulatory issuance, financing, PPA tariffs and other market trends.

India PV Module Intelligence Brief | Q3 2023

India PV Module Intelligence Brief | Q3 2023

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

To top