JMK says India could install 9.7 GW of new utility-scale solar in 2021


A new report by JMK Research says India could commission about 9.7 GW of new utility-scale solar capacity in the year 2021. Out of this, about 5.7 GW is likely to be commissioned in the first half.

The exemplary addition forecast for the first half of 2021 is based on about 4.5 GW of central and string inverters and 3 GW of modules shipments to India in the last quarter of 2020, stated JMK Research.

Rooftop solar addition in 2021 is estimated at 2 GW, as against 1172 MW in 2020.

According to JMK analysts, the nation’s new utility-scale solar capacity for the year 2020 (January-December) stood at just about 2.6 GW, 65% less than the 2019 installations. 

However, rooftop solar saw substantial addition of 1172 MW despite Covid. Gujarat topped in rooftop installation, accounting for about 42% (496 MW) of the new addition. It was followed by Rajasthan (180 MW) and Tamil Nadu (154 MW).

Q4 2020

JMK said India installed 1016 MW of utility-scale solar capacity in the fourth quarter (October-December) of 2020, about 86% higher than the preceding quarter.

Huawei led the list of inverter suppliers with more than 1.7 GW of shipment during the quarter. 

Jinko was the top module supplier, accounting for 25% of the total shipments to India. High-efficiency mono PERC modules emerged as developers’ favorite, accounting for nearly 58% of India’s total shipments in the last quarter.

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