Market trends

19 GW bids submitted for manufacturing of polysilicon, 32 GW for wafer and 54.8 GW for cells and modules under the PLI scheme The Government of India’s production-linked incentive (PLI) scheme – National Programme on High Efficiency Solar PV (Photovoltaic) Modules – for setting up of solar manufacturing units received an overwhelming response of 54.8 GW worth of bids for a scheme with total bid capacity of 10 GW. The bid submission which resulted over 4-fold over-subscription is a morale…

Webinar Insights: “Residential Rooftop Solar Market Evolution in India” With a total installed capacity of about 4 GW, the Indian rooftop solar market have been driven by installations in the C&I segment, which account for about 75% of the total installations. However, with this segment becoming increasingly saturated, players are turning to other segments such as the residential customers which have been relatively untapped, for higher growth opportunities. With the intent to understand the ongoing as well as anticipated developments…

Webinar Insights: “Understanding Recent Solar Tariff Trends in India” Solar tariff trends in the past have been very aggressive in India, reaching an all-time low of Rs. 1.99/unit in December 2020. However, since then, there has been an upward trend in tariffs. For instance, in the months of July and August, six auctions were concluded, adding up to a total of 3.7 GW of allotted projects. For plain vanilla solar tenders, the lowest tariff is Rs. 2.14/unit for the RUMSL…