Loading...

India Solar Compass Q4 2021


09 March 2022 | BRIDGE TO INDIA

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

Source: BRIDGE TO INDIA, MNRE
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

India Renewable Map | June 2023

India Renewable Map | June 2023

India’s total utility scale solar and wind capacity reached 101,763 MW by 30 June 2023. New capacity addition in the last 12 months was 10,099 MW, down by 26% y-o-y. Total project pipeline stands at 74,315 MW. Figure: Total utility scale solar and wind capacity as on 30 June 2023 Source: BRIDGE TO INDIA research This info-graphic report provides a complete overview of the...

India PV Module Intelligence Brief | Q2 2023

India PV Module Intelligence Brief | Q2 2023

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, global market scenario, pricing trends across the value chain, key policy developments and market outlook.

India Solar Compass | Q2 2023

India Solar Compass | Q2 2023

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.

India Corporate Renewable Brief | Q2 2023

India Corporate Renewable Brief | Q2 2023

This report provides an update on key trends and developments in the corporate renewable market including capacity addition, key players, policy issuances, financing, equipment prices and other market trends.

Merchant market for renewable projects

Merchant market for renewable projects

Many project developers are increasingly keen to participate in the merchant power market because of attractive prices on the exchanges and intense competition for PPAs. New project structures like RTC and VPPAs are also leading to a rise in project capacities with untied power output.

India PV Module Intelligence Brief | Q1 2023

India PV Module Intelligence Brief | Q1 2023

This report captures quarterly trends in module demand and supply, import and domestic production volumes, supplier market shares, break-up by technology and rating, pricing trends across the value chain, key international developments and short-term market outlook.

To top