|
R |E |P |O |R |T |S
|
3.5 GW Solar Capacity Added in H1 of 2021 in India, Says Report A report by renewable energy research firm JMK Analytics says that India added 3.5 GW of solar capacity in the first six months of the financial year 2022. It places cumulative renewable capacity at 96.95 GW, a figure at variance with government claims of having hit 100 GW. Typically, these differences are accounted for by rooftop solar tally and scheduled commissioning date of some projects.
Solar Continues Run On Top
Solar continues to cement its dominance after overtaking wind in total capacity this year, with a 44% share in the total renewable mix, followed by wind with a 41% share. According to JMK, the current pipeline of solar, wind, and hybrid projects stands at around 56 GW which is likely to be commissioned in the next 3-4 years, well past the deadline of 2022. Another 25 GW of projects are under the bidding phase where tenders are issued but auctions are not completed. So safe to say these will take even longer, according to the researchers.
The H1 Comparisons
In H1 2021, about 3.5 GW of new utilityscale solar capacity was added in the country, which is 63% higher than the H1 2020 installations. Rajasthan, Uttar Pradesh, Gujarat, and Andhra Pradesh were the leading states with most of the largescale solar installations during this period.
Quarterly Comparison:
In Q2 2021 (Apr-Jun 2021), 1.5 GW of utility-scale solar capacity was installed. This is about 30% lesser than the previous quarter installations. this was helped by almost 215 MW of solar projects commissioned by Renew Power in rajasthan. In wind, about 475 MW were added, which is 56% lesser than the Q1 2021 installations. In rooftop solar, about 417 MW were added, which is 55% lesser than the previous quarter. In wind, only 475 MW could be added, pointing to the increasing troubles in that part of the renewable duo. Notably, this is after Adani Green energy commissioned some 100 MW of wind
energy projects ahead of schedule.
Projections
In terms of projections for the year, JMK predicts that about 10.3 GW of new utilityscale solar capacity and 2.8 GW of fresh wind capacity is likely to get installed in 2021. That, if it happens, would be a massive improvement over the previous three years, when capacity additions have been stuck between 7 to 4.5 GW.
Quarterly In Q3 2021, installation activity
is likely to further pick up with an estimate of 3.1 GW of new solar capacity and 1 GW of new wind capacity addition. That would indicate the slump in Q2 was an aberration caused by a spike in Covid’s second wave across key states, that took out most of April and May for firms. While encouraging on its own, keeping in mind the backlog behind, and the ambitious targets in front, clearly the increase needed is of a far higher order to ensure that the country does not miss its own targets by a wider margin.
India Added 2,110 MW Solar Power Capacity in Q2 ’21: BRIDGE TO INDIA India added 2,110 MW solar power capacity in Q2 2021, according to the Q2 2021 edition of its “India Solar Compass” report that was recently released by BRIDGE TO INDIA. The report provides a detailed quarterly update of all key sector trends and developments – capacity addition, leading players, tender and policy issuance, equipment and EPC prices and policy framework – as well as outlook over the next two quarters. Key highlights: • India added 2,110 MW solar power capacity in Q2 2021, taking total installed capacity to 46,130 MW by 30 June 2021. Utility solar installations increased marginally over the previous quarter despite COVID-19 lockdowns across the country. We estimate pace of project construction to remain robust with about
50
4580 MW capacity to be added in the next six months. • Tender issuance in Q2 was down 25% QOQ. 17 utility scale project tenders aggregating 8,062 MW and six rooftop tenders aggregating 94 MW were issued in the quarter. There were only three project development auctions totalling
SAUR ENERGY INTERNATIONAL S E P TE M B E R 2 02 1 SAURENERGY .C O M
625 MW with tariffs ranging between INR 2.51 to 2.68/ kWh. • The quarter saw rising module prices and risk of delayed shipments. Many module suppliers are believed to be renegotiating module prices and/ or delaying shipments because of supply chain constraints. • Reluctance of DISCOMs to sign PPAs is another major concern with as much as 21,696 MW of auctioned projects yet to be tied-up. On the policy front, the quarter saw ISTS waiver extension by two years to 2025. The waiver now also applies to GTAM, pumped hydro and battery storage projects. • BRIDGE TO INDIA is a consultancy and knowledge services provider operating in the Indian renewable energy market, aiming to offer clean innovative and viable clean energy solutions.
