Annual India Solar Report Card: FY2022

Annual India Solar Report Card: FY2022

Installation trends

  • As of March 31, 2022, about 46 GW of utility-scale solar capacity has been commissioned in India, while another 43.6 GW is under pipeline (where auctions are completed).
  • As of March 31, 2022, Rajasthan has added a maximum solar capacity of 11.5 GW followed by Karnataka (7.7 GW) and Gujarat (4.7 GW).
  • In FY2022, about 10.1 GW of utility-scale solar capacity and another 2.2 GW of rooftop solar capacity were added in India.
  • In FY2022, the top three states where maximum solar capacity was added were Rajasthan (6 GW), Gujarat (1.9 GW), and Uttar Pradesh (0.5 GW).
  • For next year, i.e. FY2023, about 16.5 GW of new utility-scale solar projects and 3.5 GW of rooftop/ onsite solar projects are expected to be commissioned.

Annual Market shares- FY2022

  • Modules:  Longi, Jinko, and Trina were the top three module suppliers in India in FY2022.
  • Inverters: Sungrow, Sineng, and Huawei were the top three module suppliers in India in FY2022.
  • Project Developers: ReNew Power, Avaada, and Azure were the top three developers which have commissioned maximum utility-scale solar projects in India in FY2022.
  • Open access: Avaada, ReNew Power and Fourth Partner Energy were the top three developers that commissioned maximum open access capacity in FY2022.
  • Rooftop/Onsite model: Tata Power Solar, Fourth Partner Energy and Amplus were the leading players that have set maximum projects under the rooftop/ onsite model in FY2022.
  • Utility-Scale EPC Contractors: Tata Power, Sterling & Wilson and Mahindra Susten were the top three EPC contractors for utility-scale solar projects in India in FY2022.

Enter the E-mail ID to download the report



    About Us

    JMK Research & Analytics is a specialist consultancy firm providing research and advisory services to Indian and International clients across solar, wind and e-mobility segments.

    Based on our in-depth sector experience, strong industry network, we provide key insights and detailed industry information which helps clients develop successful business models and market strategies.

    Contact Us

    JMK Research & Analytics

    Enkay Towers, 5th Floor, Unit No. 12, Udyog Vihar, Phase V, Sector 19,  Gurgaon- 122016

    Phone: +91-7428306655
    Email: contact@jmkresearch.com

    Follow Us
    Subscribe US