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.
The solar cells production capacity is also expected to jump to 18GW in two years from just 4GW currently.
The annual demand for lithium-ion batteries in India will reach 116 GWh in FY 2029-30, with electric vehicles (EVs) accounting for 90%.
The solar sector in India bounced back to make 2021 the best year in new PV capacity addition. The year also witnessed a massive response to PLI tender for solar manufacturing and launch of 50 GWh battery cell tender and green hydrogen mission.
A new report analyzes the current status of banking provisions across solar and wind energy rich states in India, along with the implications of these restrictive provisions upon the renewables sector.
Amid the troubles of the coal-dominated grid, variable renewable energy has a place in ensuring reliable supply
JMK Research analysts expect the solar installation activity to further pick up in the fourth quarter. They estimate around 3.5 GW of new utility-scale solar capacity and 1 GW of hybrid capacity addition in the October-November-December period.
The solar capacity addition for the calendar year 2021 is expected to touch 14 GW (11 GW utility scale and 3 GW rooftop) if the third Covid wave does not strike between November and December.
JMK Research analysts attribute the comparatively lower tariffs to good ratings of the Gujarat State Discom Gujarat Urja Vikas Nigam Limited, choice of project location for developers, and anticipation that mono PERC module prices would fall 10-15% by 2022.
The Chinese manufacturer commanded a 17% share of the total 3268 MW of rooftop PV inverter shipments in India in the January-December 2020 period.
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