ALMM

After a record-breaking 14 GW addition in 2022, India’s annual utility-scale solar deployment will slow down in 2023 due to lower awarded capacity in 2022 and supply-demand mismatch for high-capacity modules, says a new report by The International Energy Agency (IEA).

India reached a cumulative installed rooftop solar capacity of 9.3 GW as of March 31, 2023, with the addition of 485 MW in Q1 2023.

ICRA expects India to add 16 GW of solar power generation capacity, 2 GW of wind and another 2 GW from hybrid projects in FY2023-24.

The solar capacity addition in the Jan.-March period was 30% less than 2.7 GW installed in the previous quarter. 

Maharashtra State Power Generation Co. Ltd is accepting bids to install a 62 MW (AC) grid-interactive solar PV plant on an EPC basis in the Akola district.

India’s solar module manufacturing capacity could reach 110 GW by 2026. It will also have a notable presence in all upstream components of PV manufacturing, such as cells (59 GW), ingots/wafers (56 GW), and polysilicon (38 GW).

The nation reached almost 8.8 GW of cumulative installed rooftop solar capacity as of Dec. 31, 2022. Gujarat tops in deployment with a 24% share of cumulative solar rooftop installations.

Damodar Valley Corp. (DVC) is accepting bids to install an 8 MW ground-mounted solar power plant at Panchet, Jharkhand, on a turnkey basis.

India installed 13 GW of solar during the Jan.-Dec period in 2022, with large-scale projects accounting for 87% of the addition.

India tendered only about 28 GW of variable renewable energy capacity in 2022, as against 40 GW in 2019. The nation needs to add 30-35 GW of new VRE capacity annually to reach its climate targets by 2030 and that requires more than 35 GW of annual tendering.