India commissioned about 2 GW of new utility-scale solar capacity in the third quarter (July-August-September period) of 2021, which is 33% higher than the previous quarter installations. Rooftop solar too saw a 41% quarter-on-quarter growth with about 580 MW added during the period, according to a JMK Research report.
With this, India has reached about 46.3 GW of installed solar capacity as of September 30.
JMK analysts expect a substantial surge in PV commissioning as the year draws to a close. About 3.5 GW of new utility-scale solar and 1 GW of hybrid capacity is likely to be added in the fourth quarter (October-November-December period).
With this, India will have approximately 10 GW of new utility-scale solar capacity installed in 2021. Whereas, annual rooftop solar capacity addition is expected to be around 3 GW.
According to the JMK report, about 3.5 GW of central and string inverters and 3.1 GW of modules were shipped in India in the third quarter. Sineng was the leading supplier in the central inverter category and Huawei led string inverter shipments. Longi was the most preferred module supplier contributing about 33% share of the total shipments. High-efficiency mono PERC modules continued to be the most preferred type, accounting for more than 66% of the overall module shipments in the third quarter.
In terms of auction concluded in Q3 2021, NTPC won the maximum solar capacity of 2,225 MW followed by SJVN (1,200 MW) and NHPC (1,000 MW). Wind-solar hybrid capacities were awarded to NTPC (450 MW), Ayana Renewable (450 MW), Azure (350 MW), and Tata Power (300 MW).
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