India Solar Compass Q3 2020


India added just 853 MW of solar power generation capacity in Q3 2020 taking total installed solar capacity to 40,295 MW by 30 September 2020. Capacity addition was up 143% QOQ but continues to suffer from COVID related factors including labour and equipment shortages. New capacity addition was split 71:29 between utility scale solar and rooftop solar – 603 MW and 250 MW respectively. Total commissioned utility scale, rooftop solar and off-grid solar capacity stands at 33,100 MW, 6,130 MW and 1,005 MW respectively.

Figure: Total installed and pipeline capacity at the end of September 2020

Module prices shot up during the quarter due to supply side constraints like shortage of solar glass in China and disruption of polysilicon supply coupled with increasing demand. Inverter prices were unchanged in the quarter. Total EPC prices increased marginally due to increase in module and BOS costs.

On the policy front, the Ministry of Commerce extended safeguard duty on solar cells and modules for 12 months. Andhra Pradesh issued a renewable power export policy to set up 120 GW solar capacity by 2025.

The report provides a detailed quarterly update of all sector trends and developments – including capacity addition, key players, tender and policy issuance, and equipment prices – as well as outlook for next two quarters.

You can purchase the full report online or buy an annual subscription by writing to us at market.research@bridgetoindia.com.


Recent reports

Renewable Energy Certificates   

The Renewable Energy Certificate (REC) scheme has been plagued by lax Renewable Purchase Obligation (RPO) compliance, frequent changes in regulations ...

Buy Report Download Executive Summary

India Corporate Renewable Brief | Q3 2021   

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 Q3 2021   

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

Buy Report Download Executive Summary

India Residential Rooftop Solar Market   

This comprehensive report covers India's residential rooftop market – growth drivers, challenges, policy and regulatory framework, market segmentati...

Buy Report Download Executive Summary

Opportunities for Indian companies – Bangladesh, Sri Lanka and Nepal   

Bangladesh and Sri Lanka together plan to add 8 GW renewable power capacity by 2030. Nepal aims to increase share of renewable power in its energy mix...

Buy Report Download Executive Summary

India Solar Rooftop Map | June 2021

India Solar Rooftop Map is an info-graphic report providing a snapshot of rooftop solar market in India – capacity addition across states and consum...

Download
We use cookies to offer you an optimal user experience and collect information on website usage.