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, 30 September 2022
BRIDGE TO INDIA, MNRE
India added over 3,338 MW solar power capacity in Q3 2022, a decline of 13% over preceding quarter. Capacity addition was split 78:15:7 between utility scale, rooftop solar and off-grid solar at 2,602 MW, 485 MW and 251 MW respectively. Total installed capacity reached 64,239 MW by 30 September 2022.