India to add 20GW of solar PV in FY2023

Facebook
Twitter
LinkedIn
Reddit
Email
Utility-scale solar, like this 200MW project in the Indian state of Gujarat, made up the majority of installations in India. Image: Engie.

India installed more than 12GW of solar PV in the financial year 2022 (FY2022) but this is expected to soar to more than 20GW in FY2023 as the country looks to accelerate its solar deployment, according to JMK Research.

In FY2022, India added roughly 10.1GW of utility-scale solar capacity and another 2.2GW of rooftop capacity, with the top three performing states being the stalwarts of Rajasthan (6GW), Gujarat (1.9GW) and Uttar Pradesh (0.5GW).

For the FY2023, however, about 16.5GW of new utility-scale solar projects and 3.5GW of rooftop solar projects are expected to be commissioned, JMK said in its Annual India Solar Report Card FY2022.

Moreover, at the end of March, India had commissioned around 46GW of utility-scale solar capacity and an additional 43.6GW was also sat in project pipelines, with the now retired reverse auctions also completed for those projects, according to JMK.

Despite the Indian government’s attempt to reduce the country’s reliance on Chinese module imports via its basic customs duty on solar cells and modules, Chinese suppliers still accounted for the vast majority of modules to the country.

In total, more than 21GW of PV modules were shipped to India in FY2022, with the top five module suppliers being Chinese, accounting for nearly three-quarters of all shipments.

LONGi took top spot with 23.4% of all module shipments (accounting for roughly 4.9GW of modules), Jinko Solar came in second with 22.3% (4.6GW), Trina Solar third with 14.8% (2.9GW), Znshine supplied 6.2% (1.3GW) and Risen provided 5.6% (1.2GW). A roster of other suppliers made up the remainder and were predominantly from India.

Meanwhile, Sungrow, Sineng and Huawei were the top three inverter suppliers in India in FY2022, together supplying around 11.5GW of string and central inverters.

7 September 2022
The demand for rooftop solar PV is soaring, driven by falling costs of the technology against energy crises that are gripping countries globally. But while an increasing number of households turn to solar to generate their own electricity, there is now a need for more specialist equipment, technologies and services to ensure the solar transition can reach as many customers as possible. Delivering these is now a major challenge for rooftop solar installers. This webinar will analyse the characteristics of the rooftop solar market, discussing how the products, logistics, installation and servicing of solar systems has evolved in line with consumer demands.
15 September 2022
Bifacial PV modules will be the dominant solar PV technology globally within one or two years; in the utility-scale sector, their market share is already above 70%. This webinar will provide a clear view on the successful implementation of bifacial technology, maximizing system performance and minimising LCoE.

Read Next

August 12, 2022
REC Solar and its parent company, Reliance Industries, have ramped up recruitment of staff for its India solar manufacturing plant.
August 12, 2022
Yingkou Jinchen Machinery has an agreement with Indian module maker Waaree to supply it with a 2.5GW high-efficiency module production line
August 11, 2022
EDF Renewable Energy has reached full power operation of its 457MW ‘Palen Solar Project’ located on public lands in the south of California.
August 11, 2022
The financial adversity of India’s struggling distribution companies (Discoms) has been reflected in a significant downgrading in the latest rankings by the Ministry of Power, giving yet more concern for renewable energy players
August 11, 2022
Finlay Colville, Solar Media's head of market research, lays out the UK's path to achieving 40GW+ of solar PV by 2030 after rebounding from recent headwinds in its solar sector
August 11, 2022
Michigan utility DTE Energy has signed an agreement with automaker Ford to supply 650MW of solar PV in Michigan.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event