India Added 7.6 GW of Solar in Fiscal 2019-20

India added about 5.9 GW of utility-scale solar capacity and 1.7 GW of rooftop solar in the financial year 2019-20—according to JMK Research and Analytics. With this, the country’s total installed solar capacity reached about 35 GW as of March 31, 2020.

Of the total new addition in 2019-20, about 60% was installed in three states alone—Rajasthan (1.7 GW), Karnataka (1.4 GW), and Tamil Nadu (1.3 GW).

Leading suppliers

Domestic manufacturers together supplied about 40% of the total modules required for the overall capacity installed in FY 2019-20 (including utility-scale, onsite, off-grid, and solar pumping segment). Two of the top three suppliers were Indian—Waaree (10.1%) and Adani (8.6%). Chinese company Risen was the second-largest supplier accounting for about 9.9% share.

China’s Huawei (19%) and Sineng (18.2%), and Japan’s TMEIC (15.5%) were the leading inverter suppliers for utility-scale solar projects. Sungrow (19.4%), Growatt (12.7%), and Solis (10.7%)—all three from China—were the leading suppliers for rooftop solar.

Leading developers

NLC (12%) was the largest utility-scale project developer, followed by SB Energy (11%) and ReNew Power (9.6%).

Cleantech Solar, Amplus and Azure were the leading onsite rooftop solar installers.

FY2020-21 projections

JMK Research and Analytics projects India to add about 6.6 GW of new utility-scale solar and 1.4 GW of rooftop/onsite solar capacity during the current year 2020-21. As of March 31, 2020, 22 GW capacity was under pipeline and 35 GW under the bidding phase.

Source: PV Magazine