India added 2,206 MW solar capacity in Q2 2023, 40% lower YOY, declining QOQ for five straight quarters in a row. Main culprit for the slowdown was utility scale solar, which added a mere 420 MW in the quarter. Open access was the saviour with volumes jumping steadily and outpacing utility scale capacity addition for the first time since the start of 2023.
Solar capacity addition to boom over next two years
21 August 2023 | BRIDGE TO INDIA
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...
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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.
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.