Annual India Solar Report Card: 2020

Annual India Solar Report Card: 2020 (Jan-Dec)

Annual India Solar Report card

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    Installation trends

    • As of December 31, 2020, about 34 GW of utility-scale solar capacity has been commissioned in India, while another 46 GW is under pipeline and 34 GW is under the bidding phase.
    • As of December 31, 2020, Karnataka has added a maximum solar capacity of 7.4 GW followed by Rajasthan (5.2 GW) and Tamil Nadu (3.9 GW).
    • In 2020, about 2.8 GW of utility-scale solar capacity and another 1.8 GW of rooftop solar capacity were added in India.
    • In 2020, the top three states where maximum solar capacity was added were Rajasthan (864 MW), Andhra Pradesh (540 MW), and Gujarat (350 MW).
    • For next year i.e. 2021, about 9.7 GW of new utility-scale solar projects and 2.5 GW of rooftop/ onsite solar projects are expected to be commissioned. The majority of shipments of modules and inverters were highest in Q4 2020. These projects are now likely to get commissioned in Q1-Q2 2021 (~6 GW).

    Annual Market shares- 2020

    • Modules:  Longi, Jinko and Adani were the top three module suppliers in India in 2020.
    • Inverters: Sungrow, Huawei, and Sineng were the leading inverter suppliers in India in 2020 for utility-scale solar projects while Goodwe, Growatt, and Sungrow were the top three suppliers for rooftop/ onsite solar market in India.
    • Project Developers: Hero Future Energies, SB Energy, and Acme were the top three developers which have commissioned maximum utility-scale solar projects in India in 2020.
    • Rooftop/ Onsite solar players: Fourth Partner, Amplus, Cleantech Solar, and ReNew Power were the leading project developers in the rooftop solar segment in India. Tata Power Solar, Fourth Partner, Mahindra Susten, and Solar Square were the leading EPC installers in the rooftop/ onsite solar segment India in 2020.

    Tender activity

    • About 28 GW of new solar tenders were issued in India in 2020. This includes project development tenders of 18 GW of solar projects, 2.5 GW of Thermal+RE, and 1.4 GW of hybrid projects.
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