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 marketing@bridgetoindia.com.


Recent reports

Solar Manufacturing Prospects   

Buoyed by government promises of customs duty on imports and financial incentives, solar manufacturing sector is witnessing renewed interest....

Buy Report Download Executive Summary

India Solar Rooftop Map | June 2020

India’s operational rooftop solar capacity reached 5,953 MW as on 30 June 2020. Only 1,140 MW capacity is estimated to have been added in the twelve...

Download

India Renewable Map | June 2020

India’s utility scale solar and wind capacity reached 69,808 MW as on 30 June 2020. Only 6,284 MW of new capacity was added over last 12 months, dow...

Download

India Solar Compass Q2 2020   

India added just 351 MW of solar power generation capacity in Q2 2020 taking total installed capacity to 38,377 MW by 30 June 2020....

Buy Report Download Executive Summary

Transmission planning, implementation and status   

Transmission remains a critical bottleneck to growth of India’s renewable power sector....

Buy Report Download Executive Summary

India Renewable Power CEO Survey | 2020

The survey provides a sector-wide glimpse into the minds of renewable power leaders on industry outlook, capacity addition over the next 5 years, oper...

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