Mercom Pegs India’s Solar Production Capacity At 95 GW In 2025
India To Grow Solar Cell Manufacturing Capacity 7-fold To 32 GW By 2024 & Module Capacity To 95 GW By 2025, Forecasts Mercom
Backed by strong policy environment and financial incentives, India is likely to grow its solar cell production capacity 7-fold to 32 GW by the end of 2024 up from 4.7 GW till September 2022 with overall module manufacturing capacity expected to reac.
India PV News Snippets
Vibrant Energy Signs Corporate PPA For 300 MW Wind-Solar Hybrid Project With Amazon & More From Mercom India & SJVN Limited
Amazon signs PPA for 300 MW wind-solar hybrid project with Vibrant Energy; Mercom says 1.9 GW open access PV installed in 9M/2022; SJVN signs JV MoU with Grid Corporation of Odisha for 2 GW solar and 1 GW hydroelectric projects.
India PV News Snippets
Uttar Pradesh Targets 22 GW Solar Capacity By 2026-27 Under New Solar Policy & More From Mercom, Sembcorp, Sunsure, Enertech, Tata
UP confirms 22 GW solar power additions target by 2026-27; BCD & ALMM boost Indian solar exports in Q3/2022, says Mercom; Sembcorp will take over Vector Green; Sunsure Energy completes 74 MW solar project for Cleantech Solar; Redington and Enerte.
India Installed 10 GW+ New Solar PV Capacity In 9M/2022
Mercom Sees 2022 Turning Out To Be India’s ‘Best’ Year For Solar Installations, Though Near Term Challenges Remain
Even as Indian solar installations in Q3/2022 declined 32% sequentially and 6.6% annually, during 9M/2022 the total for the year went up to over 10 GW because of which Mercom Capital Group CEO Raj Prabhu believes, this will be India’s ‘best’ year for solar to date.
India Installed 3.9 GW Solar Capacity In Q2/2022
Mercom Calls Q2 CY2022 Best Quarter For Solar To Date For India, Taking Cumulative PV Capacity To 57 GW
During Q2/CY2022, India installed more than 3.9 GW solar power capacity, having gone up 18% on sequential basis, and 59% annually, led by large scale projects that accounted for 90% deployments, according to Mercom India Research.
India Installed 456 MW Rooftop PV In Q1 CY2022
Mercom India Says India’s Cumulative Installed Rooftop Solar Capacity Increased To 7.6 GW
India’s total installed rooftop solar capacity at the end of March 2022 increased to around 7.6 GW with the addition of 456 MW in Q1 of calendar year (CY) 2022, according to Mercom India Research’s new report Mercom India Rooftop Solar Market Report Q1 2022.
India PV News Snippets
China Exported 96% Solar Cells & Modules To India In Q1/2022 & More From TPREL, ACME, ReNew, JA Solar
TPREL energizes 100 MW AC and ACME Solar 300 MW for MSEDCL; ReNew Power signs MoUs to invest in RE in Maharashtra and Karnataka; JSW Energy’s 225 MW solar plant uses JA Solar modules; Solar imports increased 374% in Q1/2022.
India Added 3GW+ Solar Capacity In Q1 CY2022
Mercom India: India’s Cumulative Installed Solar Capacity Till March 2022 Reached 52 GW
With the addition of 2.7 GW large scale solar, Indian solar installations during 1st quarter of calendar year (CY) 2022 added up to over 3 GW, according to Mercom India Research.
India PV News Snippets
Azure Power Bags EOI For 1.7 GW Renewables & More From JENWA, Mercom, Goldi
Azure Power announces EOIs for 1.7 GW RE in Karnataka and commissioning of 90 MW project in Assam; ADB approves INR 4.06 billion for JENWA’s 80 MW project; Mercom reports Jakson, SJVN and SAEL as winners of 410 MW solar auctioned; Goldi Solar says it will train over 2,000 by 2025.
India PV News Snippets
World’s Largest Solar Tree Installed In India’s Ludhiana & More From AP, Mercom, GUVNL, SECI
CSIR-CMERI’s 53.6 kW project is the world’s largest solar tree AP High Court rules in favor of RE generators India installed 1.2 GW open access solar in 2021 INR 2.29 per kWh winning bid in GUVNL’s 500 MW phase XIII solar auction, says Mercom S.
10 GW New Solar Installed In India In 2021
Mercom Claims ‘Highest Ever’ Annual Solar Capacity Addition For India, With 210% Increase YoY
Mercom India Research believes India installed its highest ever annual solar capacity in the year 2021 with 10 GW representing an increase of 210% on annual basis, compared to 3.2 GW it reported for 2020, taking the cumulative to 49.3 GW at the end of last year.
India PV News Snippets
RUMSL’s Consultancy Tender For 950 MW Solar Park… & More
Consultancy tender for 950 MW PV: Rewa Ultra Mega Solar Limited (RUMSL) has launched a tender with a view to hire the services of a transaction advisory firm to provide services for the development of a 950 MW solar park.
India PV News Snippets: MNRE, Fortum, EXIM, Tata, Mercom
India’s Installed Solar Capacity Till May 2021-End Reached 41 GW, Says MNRE; Fortum Sells 500 MW Solar Capacity To Actis; EXIM Bank Extends LOC For Togo & Sri Lanka; Tata Power Commissions ‘Largest’ Solar Carport For Tata Motors; Mercom Says MSEDCL & RUMSL’s 1.55 GW Tenders Attract Enthusiastic Response
India added 643 MW RE in May 2021: During the month of May 2021, India installed 643.66 MW of renewable energy capacity, resulting in a cumulative installed renewable energy capacity of 95.66 GW at the end of that month.
7.9% Total Solar Share In India’s Power Capacity
Solar Accounted For 36% Of India’s Installed Renewable Energy Capacity In December 2018, Representing 7.91% Of Country’s Cumulative Power Generation Capacity: Mercom
Data collated from the Central Electricity Authority, MNRE and its own India Solar Project Tracker, consultancy Mercom sees renewables, and specifically solar’s share steadily increasing in India’s total energy mix.
Mercom: India Installed 6.6 GW PV In 9M/2018
Indian Solar PV Power Installations Drop Over 30% YoY In Q3/2018; Rooftop Solar Improves Track With 64% More Additions Over Last Year; Mercom Expects 8 GW Total PV For India In Calendar Year 2018
As of September 2018, India’s cumulative solar power capacity reached 26 GW, with nearly 90% coming from utility-scale solar.
PV’s Share Up In India’s Installed Power Capacity
India’s Solar Power Capacity Accounted For 7.46% Share In Country’s Total Installed Power Capacity; Coal Still Dominates, But Renewables Increase Steadily
Even as wind power continues to lead the share of renewables in the India’s total electricity mix, solar is slowly gaining shares.
Indian Rooftop PV Tariffs Down To INR 1.38/kWh
Madhya Pradesh Awards 8.6 MW Rooftop Solar Power Capacity Achieving INR 1.38 ($0.0186)/kWh Tariff
The Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has received a tariff as low as INR 1.38 ($0.0186) per kWh in a rooftop tender as the first-year rate for installations on central government buildings.
Top 3 Global PV Markets Added 33.9 GW In H1/2018
India Replaced United States As Second Largest Global Solar Market During H1/2018 By Installing 4.9 GW; Policy Changes Will Negatively Impact India In Near Future: Mercom
Together, the top 3 solar markets China, India and the US, contributed 33.9 GW to global PV additions in H1/2018, according to Mercom India Research.
