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India installed over 3 GW of solar capacity in the first quarter (Q1) of the calendar year (CY) 2022.
According to Mercom’s Q1 2022 India Solar Market Update, large-scale installations increased 53% year-over-year.
The country has a utility-scale projects development pipeline of over 54 GW. Another 33 GW of projects tendered are awaiting auction.
India had its best year for solar in 2021 with 10 GW of new solar capacity added. According to Mercom Research, solar installations in 2022 are expected to surpass last year.
The future looks bright for the solar sector in India, mainly driven by utility-scale projects.
Mercom is hosting ‘Mercom India Solar Summit 2022,’ an exclusive event hosting important stakeholders across the solar sector on July 28-29.
The summit will address critical issues, opportunities, and emerging trends in the industry, including the government’s push for local manufacturing, its aggressive solar installation goal of 280 GW by 2030, supply chains, technology, financing, and other critical issues.
In one of the sessions titled ‘Large-Scale Solar Project Development – Keeping the Engine on Track,’ scheduled for July 29, 2022, panelists will discuss the current scenario, steps to mitigate risks, policies, and plans to remove large-scale project development hurdles, which include supply chain constraints, rising prices, and land and transmission issues. Additionally, the developers are wading through basic customs duties on imports, increases in GST rates, and transmission infrastructure delays in Rajasthan
The panelists will include, Dilip Nigam, Adviser, MNRE; Pradeep Kumar, Managing Director, LONGi Solar India; and Sandeep Kashyap, COO, Solar Business, ACME Group, Saurabh Mehta, Head (BD & Project) at Mahindra Susten. Priya Sanjay, Managing Director, Mercom India, will moderate the session.
Recently India surpassed the 50 GW milestone, which comprised 43 GW of utility-scale solar and 7 GW of rooftop solar. As things are moving, the target of 60 GW of large-scale solar installations by 2022 looks within reach, which will boost the country’s efforts to reach 280 GW of solar installations by 2030.
You can register for the event here.
Rakesh Ranjan is a staff reporter at Mercom India. Prior to joining Mercom, he worked in many roles as a business correspondent, assistant editor, senior content writer, and sub-editor with bcfocus.com, CIOReview/Silicon India, Verbinden Communication, and Bangalore Bias. Rakesh holds a Bachelor’s degree in English from Indira Gandhi National Open University (IGNOU). More articles from Rakesh Ranjan.