Market Intelligence Quarterly

Q1 2024 (Jan-Mar) India RE update Report Summary Installation trends Projections Quarterly market shares Tenders Investments The investment flow in the RE sector in Q1 2024 was $1290 million which is about 26.3% lesser than the investments in Q4 2023. Module price trends The domestic module prices have seen a 6-7% decline on QoQ basis. Furthermore, there is a YoY reduction of around 27-36%. Quarterly Import-Export Statistics In the first quarter of 2024, solar module imports declined 2.4% and exports rose 103% compared…

Q4 2023 (Oct-Dec) India RE update Report Summary Installation trends Projections Quarterly market shares Tenders Investments The investment flow in the renewable energy sector in Q4 2023 was $1750 million. About $1450 million and $300 million of debt and equity were raised by various players in this quarter. Module price trends The domestic module prices have seen a 7-13% decline on QoQ basis. Furthermore, there is a YoY reduction of around 24-33%. Quarterly Import-Export Statistics Solar module imports increased by 138%, and solar…

Q3 2023 (Jul-Sep) India RE update Report Summary Installation trends Projections Quarterly market shares Tenders Investments In Q3 2023, the investment inflow in the RE sector amounted to $2,394 million. Various players raised $1,170 million through equity and $740 million through debt in this period. Module price trends The domestic module prices have seen a 10-12% decline on QoQ basis. Quarterly Import-Export Statistics In Q3 2023, solar modules imports increased significantly by 73% compared to the previous quarter. The rise in the import…

Q2 2023 (Apr-Jun) India RE update Report Summary Installation trends Projections Quarterly market shares Tenders Investments The investment flow in the RE sector in Q2 2023 was more than $4374 million. About $2539 million equity and $1311 million bond investments were raised by various players in this quarter. Module price trends In the Indian market, the landed price for Chinese mono PERC modules (excluding GST and BCD) was in the range between 27-29 US cents/Wp in Q2 2023. Price for mono PERC modules…