Market trends

Will bifacial solar modules be the next big thing for India? With falling price differential between mono and bifacial solar modules, installation of bifacial modules is likely to pick up pace in India as well. India’s first utility-scale solar plant with bifacial modules (400Wp swan bifacial panels by Jinko Solar) was recently commissioned by Fortum in May 2021. It has a DC capacity of 124 MW and is located in Jaisalmer, Rajasthan. Bifacial panels, as the name suggests, are solar…

Webinar Insights: “Rooftop solar adoption trends in MSME segment in India” Regarded as the backbone of the Indian economy, the Micro, Small & Medium Enterprises (MSMEs) also holds immense potential to support the Rooftop Solar market. For most MSMEs, there is significant scope in electricity cost savings and ideally, Rooftop Solar is the simplest path to achieve the reduction in electricity bill. However, as the opportunities being presented by the sector are numerous, it is also confronted by many challenges.…

Webinar Insights: “RE power procurements models by C&I segment in India” Global Corporate PPA’s have grown from 4.14 GW in 2016 to a whopping 23.7GW in 2020. In 2019 and 2020, Indian Corporate PPAs accounted for nearly 6-7% of the total Global Corporate PPA share. According to Bloomberg New Energy Finance (BNEF), India was the second largest growth market for corporate renewable PPAs after the US in 2019. While the growth has been stellar, inconsistencies in regulations and policies among…

Utility-scale Solar installations declined 39% Y-O-Y in FY2021 In FY2021 (April 2020-Mar 2021), about 3.5 GW of new utility-scale solar capacity was added in India. Compared to previous year (FY2020), installations were about 39% lesser. Gujarat, Rajasthan, Tamil Nadu, Uttar Pradesh and Andhra Pradesh were the leading states with most of the large-scale solar installations during this period. On the rooftop solar side, despite COVID-induced lockdown and restrictions, about 2 GW of new capacity was added in FY2021. Gujarat and Maharashtra together…