June 27, 2018 Read More →

Annual PV installations top 10 GW in India for first time

PV Tech:

India installed more than 10 GW of solar during the financial year 2017/18 for the first time ever, according to the latest Solar Map from consultancy firm Bridge to India.

Of the 10.4 GW deployed, 9.1GW was in utility-scale capacity, a rise of 72% over the previous year and more than all other sources combined (coal 4.6 GW, wind 1.7 GW). Open access solar also grew dramatically by 1.7 GW, up 275% year-on-year. Total PV capacity had reached 24.4GW as of March this year.

Karnataka now leads the pack of states having had a blockbusting year with 4.1GW deployed. It is followed by Telangana, Rajasthan, Andhra Pradesh and Tamil Nadu.

Adani, ReNew and Acme were the top three developers with total installed capacity of 2.3 GW during the year.

Canadian Solar (12.9% market share), JA Solar (11.4%) and Trina Solar (7.9%) were the top three module suppliers in the year. Tata Power Solar was the only Indian firm to make the top 10 and domestic firms had just 11.42% market share, which is pertinent given reports today that power minister R.K. Singh intends to make future bids for renewables have up to a 50% manufacturing component. The Ministry of New and Renewable Energy has also touted the idea of a 100 GW tender to be linked with manufacturing in the future, although Bridge to India’s weekly newsletter this week described the idea as “lacking in credibility”.

According to the Solar Map, rooftop capacity reached 2.4 GW as of March 2018 with just over 1 GW estimated to have been installed in FY 2017-18. Meanwhile, off-grid solar installations reached 691 MW with capacity addition of 217 MW in the year.

More: India added 10.4 GW of solar in 2017/18 – Bridge to India

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