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.
Total installed and pipeline capacity by offtake, 31 December 2022, MW
Source: BRIDGE TO INDIA research, MNRE
India is estimated to have added total solar power capacity of 2,755 MW in Q4 2022, a decline of 17% over preceding quarter. Capacity addition was split 79:15:6 between utility scale, rooftop solar and off-grid solar at 2,166 MW, 428 MW and 161 MW respectively. Capacity addition for CY 2022 is estimated at 15,041 MW, up 50% YOY. A key highlight of the year was record open access capacity addition of 3,449 MW, which grew 296% YOY.