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Mercom India Solar Market Update Q12022 Exec Summary

India added 3 GW of solar capacity in Q1 2022, a 50% increase year-over-year. Total installed solar capacity is now at 52 GW, with utility-scale projects making up 86% of installations. Rajasthan was the top state for solar additions in Q1 2022 and over 54 GW of large-scale solar projects are in the development pipeline.

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15 views6 pages

Mercom India Solar Market Update Q12022 Exec Summary

India added 3 GW of solar capacity in Q1 2022, a 50% increase year-over-year. Total installed solar capacity is now at 52 GW, with utility-scale projects making up 86% of installations. Rajasthan was the top state for solar additions in Q1 2022 and over 54 GW of large-scale solar projects are in the development pipeline.

Uploaded by

sactrix777
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Q1 2022 India Solar Market Update

Executive Summary

www.mercomindia.com
India Solar Installations

In Q1 2022, India added 3 GW of solar, an increase India Solar Installation (MW)


18,000 80,000
3 GW Annual Rooftop Solar Installations
of 50% YoY Annual Large-Scale Solar Installations
Cumulative Large-Scale Solar Installations

Cumulative Installations (MW)


52 India’s cumulative installed solar capacity now
GW stands at 52 GW

2.6 In Q1 2022, 2.6 GW of large-scale solar was


GW installed

Cumulatively utility-scale projects account for 0 0


86% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022F
about 86% of the total installation Source: Mercom India Research (Mar 2022)

The Full 5-year forecast by segment


is available in the report
Q1 Highlights

Top In Q1 2022, Rajasthan was the top state for solar


State installations

54 Large-scale solar projects have a development


GW pipeline of over 54 GW

33 As of Q1 2022, about 33 GW of solar projects


GW tendered are awaiting auction

In Q1 2022, solar accounted for 68% of the new


68%
power capacity additions

Get our project tracker for a full list of large-scale


projects announced and commissioned
India Solar Market Update – Q1 2022 Report
Mercom’s India Solar Market Update provides you with the most
comprehensive report on the Indian solar sector. The report, delivers high- The report includes:
quality research and analysis, facts and figures, and forecasts for global solar
professionals. Primary data for the report is directly collected from • Installation figures
government agencies, developers, investors, manufacturers, installers and • Forecasts
other industry stakeholders. The report offers details on prevailing market • Tender and Auction Update
conditions, issues and challenges, opportunities, and the outlook for India’s • Policy Updates and Analysis
solar industry. • State-by-State Installations
• Price Trends
• Power Mix
• Solar Power Generation
Click here to purchase a copy of • Solar Supply Chain Survey
India Solar Market Update – Q1 2022 Report • Other Important Updates

Who Needs to Purchase this Report? • EPC Provider • Investors, Banks and Financial Institutions
• Project Developers • BOS Suppliers • Installers
• Component Manufacturers • Investment Firms/Funds • Foreign Entrants
• Utility/IPPs
Mercom’s Research Products

India Solar Project Tracker India Solar Tender Tracker & Alerts

India Solar Market Leaderboard


India Solar Quarterly Market Update
Report and Tracker

India Solar Regulatory


India Solar Import/Export Tracker
Updates and Alerts

Global Solar Funding & Battery Storage, Smart Grid and Energy
M&A Reports Efficiency Funding & M&A Reports

India Open Access Solar


Custom Research Reports
Market Report and Tracker

India Rooftop Solar Market Report Consulting and Advisory

Copyright 2022 | Mercom Capital Group, llc


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