rooftop solar Archives - JMK Research & Analytics

India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations

January 13, 2023

India added ~11 GW of utility scale solar capacity in 2022; 47% higher than 2021 installations From January 2022 till December 2022, approximately 13,956 MW solar capacity and 1,847 MW of wind capacity was added in India. This is about 17.5% and 26.6%, respectively, higher compared to 2021. In terms of cumulative installations, according to the data released by Ministry of New and Renewable Energy (MNRE) till December 2022, India’s RE installation capacity reached 120.85 GW. Solar energy contributes for…

Despite COVID-19, India added 883 MW of rooftop solar capacity in the first nine months of 2020

October 26, 2020

JMK Research

Market trends

Despite COVID-19, India added 883 MW of rooftop solar capacity in the first nine months of 2020 As per the data released by the Ministry of New and Renewable Energy (MNRE) for the period starting January 2020 till Sep 2020, about 2320 MW of solar capacity comprising 1437 MW of Ground Mounted Solar and 883 MW of Rooftop Solar was added in India. Rajasthan (360 MW), Tamil Nadu (341 MW), and Maharashtra (165 MW) were the leading States with most…

One-third of 40 GW rooftop solar target expected to be achieved by 2022

March 12, 2020

JMK Research

Sector Outlook

One-third of 40 GW rooftop solar target expected to be achieved by 2022 As per JMK Research, by the end of 2022, the rooftop solar capacity in India is likely to reach 15-16 GW, which is only one-third of the 40 GW target set by the Government. In CY2019, India added about 2.1 GW of new rooftop solar capacity, and we are estimating another 2.5-3 GW of new rooftop solar capacity likely to be added in CY2020. However, there can…

RE installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added

November 7, 2019

JMK Research

Sector Outlook

Renewable installations to peak in 2020: 11 GW solar and 4 GW wind likely to be added Solar The utility scale solar segment saw an addition of 4 GW in the first three quarters of 2019 and is expected to add another 4.5 GW in the last quarter. This cumulative capacity of 8.5 GW amounts to nearly 28% y-o-y growth. As per JMK Research estimates, the year 2020 is expected to witness 29% growth with the addition of another 11GW…