India Commissioned 5.9 GW of Solar Capacity in FY20, Plans 6.6 GW in FY21: Report

According to the report, domestic module manufacturers contributed about 40 percent of the total shipment in the Indian solar market in FY20. This comprised supply to utility-scale solar as well as the distributed solar market in the country

July 22, 2020. By News Bureau

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India installed around 5.9 GW of utility-scale solar capacity in the financial year 2019-20 (FY20) and is projected to add additional 6.6 GW capacity in FY21, as per recent report.

It further that 1.7 GW capacity was installed in the rooftop solar segment in FY20 and projects of 1.4 GW capacity are projected to be commissioned in FY21.

“Rajasthan, Karnataka, and Tamil Nadu with a capacity of 1.7 GW, 1.4 GW, and 1.3 GW, respectively, contributed about 77 per cent of the total installed capacity in FY20,” said JMK Research and Analytics in its report.

According to the report, domestic module manufacturers contributed about 40 per cent of the total shipment in Indian solar market in FY20. This comprised supply to utility-scale solar as well as distributed solar market in the country.

“In the utility-scale solar market, the contribution of domestic suppliers is about 30 per cent. While in the distributed solar market, 70 per cent of the market is catered by domestic suppliers,” it further.

The Gurugram-based firm said that NLC topped the list trailed by SB Energy, and ReNew in the project development category and further that going forward, Adani and Azure would be the leading players with a pipeline of about 10 GW and 5 GW, respectively.

While in the rooftop solar segment, Tata Power Solar, Cleantech Solar, and Fourth Partner Energy were the leading installers in India in FY20, it further.

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