India is expected to add 2.2-2.5 GW of utility scale solar generation capacity in the second half of this year, following the 1 GW installed to the end of June, according to Haryana-based analysts JMK Research and Analytics.
The analyst predicts 1-1.2 GW of rooftop solar will be added this year and expects a rebound to 7.7 GW of total new solar capacity next year.
JMK reported only 304 MW of solar was added in India in the April-to-June quarter, some 58% less than in the first three months of the year.
A report published by the analyst stated conglomerates Aditya Birla and Adani were responsible for commissioning the largest volumes of PV capacity in the last three-month window, with Chinese inverter manufacturers Sungrow and Huawei shipping the most central and string products, respectively.
Ahmedabad-based Adani shipped the most modules in the second quarter of 2020 – around 160 MW – with Jinko the leading Chinese supplier. Some 23% of the modules shipped in India during the period were mono PERC products, according to JMK.
April-to-June brought a rebound in the volume of modules shipped after a Covid-19-hit opening three months to the year, with last quarter seeing the amount of module imports rise almost fivefold as exports doubled.
The base price of imported Chinese panels – before general sales tax and safeguarding duty – fell 21% compared to the same period of last year, to around $0.18-0.185/Wp (Rs13.47-13.84).
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