Solar installations to surpass 16 GW in 2023: JMK Research
JMK Research analysts expect India to add 14 GW of new utility-scale solar capacity and 2.8 GW of rooftop (onsite) PV in the twelve months ending December 31, 2023.
India surpassed one million EV sales in 2022
Electric vehicles (EV) sales in India soared 212% year-on-year to surpass one million mark in 2022.
India installed about 14 GW of solar in 2022
India installed 13,956 MW of new solar capacity from January to December. This included 11.3 GW of utility-scale PV, about 1.9 GW rooftop, and nearly 700 MW off-grid/distributed.
India installed 11.2 GW of solar in first nine months of 2022
The nation installed 9.3 GW of utility-scale solar, 1.3 GW of rooftop arrays, and 0.6 GW off-grid PV projects from January to September this year.
India’s residential rooftop solar capacity expected to rise by 60% this fiscal year
India’s cumulative residential rooftop solar capacity may rise by 60% to reach 3.2 GW by March 31, 2023 driven by rising consumer demand coupled with strong government support.
India installed 1.9 GW of ‘open-access’ renewables in FY 2021-22
India has surpassed 10 GW of overall renewables capacity installed for offtake through open access.
India installed 8.4 GW of solar in H1
India is expected to install 20 GW of new solar capacity in 2022, according to JMK Research.
Solar module prices increased 38% in the last 20 months
Supply demand mismatch is the most crucial factor which is directly or indirectly leading to an increase in module prices. At present, demand (especially for poly-Si) far outstrips the supply. A balance between the supply and demand is essential for stabilization of solar module prices.
India’s solar report card for 2021
India added 10.4GW of solar power generation capacity in the January-December period of 2021. Out of this, 42% was installed in Rajasthan alone.
India’s solar modules production capacity could reach 36GW by 2023 end
The solar cells production capacity is also expected to jump to 18GW in two years from just 4GW currently.
