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.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.