India mounted a report 10 gigawatt (GW) of photo voltaic ability during calendar 12 months 2021, registering a yr-on-yr rise of 212 p.c, in accordance to Mercom India Investigation. The place experienced built 3.2 GW of solar ability installations for the duration of 2020, the exploration organization reported in its newest report. Cumulative photo voltaic installed capacity in India was about 49GW at the conclude of December 2021, the report titled ‘Annual 2021 India Solar Marketplace Update’ claimed.
“India included a document 10GW of solar in 2021, the greatest at any time in a 12 months. Photo voltaic accounted for 62 per cent of new energy capability additions in 2021, the biggest share of electric power capacity at any time,” it said.
All through the year, huge-scale photo voltaic tasks accounted for 83 per cent of installations and observed a 230 percent year-on-year (YoY) surge. Rooftop installations registered a YoY increase of 138 per cent in 2021.
Rajasthan, Karnataka and Andhra Pradesh have been the major three states for cumulative huge-scale solar capacity accounting for 50 % of the installations in the state as of December 2021.
In 2021, Rajasthan led the capacity addition with 4.5GW of solar capacity installation, the report additional stated.
The need outlook for 2022 is strong, but sizeable troubles await the marketplace, commencing with the essential customs responsibility, import limits, and the merchandise and providers tax on leading of global offer chain difficulties, and large ingredient rates, mentioned Raj Prabhu, CEO of Mercom Money Group.
In accordance to the report, the average project value was also better in 2021 due to better module, raw content charges and freight rates.
“In 2021, solar tenders dipped 4.3 percent YoY and auctions fell 2.6 per cent compared to 2020. The hold off in signing electricity-sale agreements (PSA) and absence of clarity with regards to relevant responsibilities ended up some of the reasons for the slowdown in tender and auction action,” the report claimed.
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