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India Solar Compass Q3 2021


06 December 2021 | BRIDGE TO INDIA

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 policy announcements, equipment prices, financial deals and other market developments. It also provides market outlook for the next two quarters.

India added 2,205 MW solar power capacity in Q3 2021, taking total installed capacity to 47,322 MW by 30 September 2021. Utility-scale solar installations dipped marginally over previous quarter amidst increasing cost of project execution and module supply disruption. Total project pipeline – projects allocated to developers and at various stages of development – stands at 62,179 MW.

Figure: Total installed and pipeline capacity, MW, 30 September 2021

Source: BRIDGE TO INDIA research, MNRE

The quarter saw rising module prices and risk of delayed shipments. Many module suppliers are believed to be renegotiating module prices and/ or delaying shipments because of supply chain constraint.

On the policy front, there was one notable announcement – increase of GST (Goods and Services Tax) on all renewable energy devices and parts from 5% to 12%.

You can purchase the report online or write to us at market.research@bridgetoindia.com.


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