India Solar Compass Q4 2021


India added 3,166 MW solar power capacity in Q4 2021 taking total installed capacity to 50,481 MW by 31 December 2021. In the last one year, tariffs for SECI offtake projects have increased by only 9% YOY for projects in Rajasthan even as EPC cost excluding safeguard duty has increased by 18% YOY. Total project pipeline – projects allocated to project developers and at various stages of development – stands at 63,315 MW.

Figure: Total installed and pipeline capacity, MW, 31 March 2022

Note: Others include projects executed under open access, REC and other miscelleneous categories. All project capacity numbers in this report are stated in AC MW, unless noted explicitly otherwise.

With strong global demand and persistent supply chain constraints in China, prices are likely to remain relatively firm over next two quarters.

On the policy front, there were a few key announcements relating to a formula-based tariff revision for ‘change in law’ events, draft competitive bidding guidelines for battery storage installations and REC price bands.



Recent reports

RTC renewable power   

Despite need for more dispatchable power and strong techno-economic advantage over thermal power, renewable power tenders with storage backed solution...

Buy Report Download Executive Summary

India PV Module Intelligence Brief – Q1 2022   

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technol...

Buy Report

India Corporate Renewable Brief | Q1 2022   

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 Q1 2022   

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

Buy Report Download Executive Summary

Technical Standards For Balance of Systems In Solar Projects

India’s solar capacity has grown from just 10.5 GW to 52 GW in the last five years and the country has adopted ambitious target of building 280 GW s...


India PV Module Intelligence Brief – Q4 2021   

BRIDGE TO INDIA has released a new quarterly report, India PV Module Intelligence Brief, capturing ongoing demand-supply, pricing, technology and poli...

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