JMK Research

India Records 2.6X Y-o-Y Surge in Solar Installation in FY2021-22 In the context of domestic solar installation, India has just passed through a record-breaking financial year. FY2021-22 saw 13.9 GW of solar panel installation in India. It is the first time when annual (FY) solar installation of India crossed 10 GW capacity. The fact that FY2022 solar installation grew by 2.6 times over that of the previous year is undoubtedly impressive. Also noteworthy is that solar capacity addition of FY2022…

~38% Increase in Module Prices in last 20 Months (August 2020 – March 2022) In the past decade, the world has witnessed a solar boom. Annual Solar Installations across the globe have increased from 18 GW in 2010 to 183 GW in 2021 and is projected to increase to 334 GW by 2030.[1] Similarly in India, cumulative installed solar capacity has increased manifold from 161 MW in 2010 to 55 GW as of December 2021.[2] One major reason for such…