India Solar Map | June 2019

Indian utility scale solar capacity reached 26,154 MW as on 31 March 2019. Capacity addition fell to 4,810 MW in FY 2019, down a steep 47% over previous year as the sector struggles with execution and financing challenges including land and transmission bottlenecks, safeguard duty, increase in financing costs etc. The year was notable for exponential surge in tenders, auctions and allocations. 54 GW of solar tenders were issued in this financial year but only 14 GW of pipeline was added as many tenders continued to be under subscribed and/ or cancelled. As on 31 March 2019, 17,887 MW of utility scale solar projects were under various stages of execution.

Source: BRIDGE TO INDIA research

There is major churn in player rankings in the modules market. Several new players from China have entered the Indian modules market. Please refer to the full report for more detailed insights on market trends, leading player market shares and bidding statistics.

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