India may commission 16.8 GW of new solar capacity in CY 2023. The new addition will include about 14 GW of utility-scale solar projects and 2.8 GW of rooftop/onsite solar projects, according to a new report by JMK Research.
The analysts said India installed 11.4 GW of utility-scale solar capacity and 1.9 GW of rooftop PV aggregating to 13.3 GW in 2022. As of Dec. 31, 2022, India’s cumulative installed capacity of utility-scale solar stood at about 53.6 GW, while another 44.6 GW was under pipeline.
Leading players in 2022
In CY2022, Jinko was the largest module supplier with a 13.2% share of the cumulative 15,013 MW DC modules shipped annually. It was followed by Trina (12.1%) and Longi (10.8%). Domestic players also registered a significant increase in sales from April 2022 onwards after the imposition of a 40% basic customs duty (BCD). Waaree, Adani, and Vikram Solar were the leading domestic suppliers in CY2022.
String inverter shipments during Jan.-Dec. 2022 period stood at 10,302 MW AC. Sungrow led the supplies with a 20.9% share, followed by Huawei (20.4%) and Solis (11.8%).
Central inverter shipments stood at 5,716 MW AC. The top suppliers were Sineng (39.5% market share), Sungrow (30.9%), and Fimer (22.7%).
NTPC, Adani, and Avaada were the top three project developers that commissioned the maximum utility-scale solar projects in CY2022. Tata Power and L&T were the leading third-party EPC contractors for utility-scale PV.
Avaada, ReNew Power, and Cleantech Solar commissioned the maximum open-access PV capacity.
Tata Power Solar, Amplus, and Fourth Partner Energy topped in rooftop (onsite) PV installations.
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