The solar industry kicked off 2020 with great expectations, but the COVID-19 pandemic adversely affected the sector as activity in the industry ground to a halt due to the nationwide lockdown imposed in March 2020.
The COVID-19 derailed project development and disrupted the supply chain, and several projects were postponed to the first half of 2021.
The industry started to recover in the fourth quarter (Q4) of 2020, with the country gradually returning to normalcy following the easing of lockdown restrictions in several phases.
India installed 3,239 MW of solar capacity in the calendar year (CY) 2020, a 56% decline, compared to 7,346 MW in 2019, according to the latest 2020 Q4 & Annual India Solar Market Update.
Mercom India Research is forecasting over 10 GW of solar installations in 2021, as most of the projects scheduled for 2020 were moved to 2021.
On March 5, 2021, Mercom will host a webinar on ‘India solar market update – The year that was and what lies ahead.’
You can register for the webinar by clicking here.
N. L. Sharma, Chairman and Managing Director of SJVN, V.K. Singh, Executive Director (Renewables) at REC Limited, Raj Prabhu, Chief Executive Officer of Mercom Capital Group, and Priya Sanjay, Managing Director, Mercom India, will discuss India’s solar market’s performance in 2020 compared to other global markets. They will also provide insights about trends that are currently shaping the solar industry.
The panelists will also analyze Mercom’s annual and Q4 India Solar Market Update and the industry outlook for 2021. The panelists will focus on major policy announcements, industry challenges, and the road ahead to install over 20 GW of solar capacity over the next two years.
The audience can also engage with the speakers by asking questions relevant to the discussion.
Last month, Mercom hosted a webinar on “Module Technologies and Trends Dominating the Indian Solar Market.” The panelists discussed the workings of the solar module manufacturing industry and spoke about developments and technologies that can improve the overall efficiency of the module manufacturing segment.