Annual report card for solar in 2020

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An annual report by JMK Research places the overall solar installation in India during 2020 at 4.6 GW, which includes 2.8 GW of utility-scale PV capacity and 1.8 GW of rooftop.

Rajasthan added the maximum solar capacity of 864 MW, followed by Andhra Pradesh (540 MW) and Gujarat (350 MW).

Overall module sales (for utility-scale, rooftop/onsite, off-grid and solar pumping segments) stood at 9478 MW. Inverter supplies included 9624 MW for utility-scale installations and 3268 MW for rooftop solar. Most of these module and inverter shipments were made in the fourth quarter, for projects that are likely to get commissioned in 2021’s first half.

Leading suppliers

Chinese manufacturers continued to dominate the Indian market over the year. 

China’s Longi Solar led the list of module suppliers, accounting for 15.6% of 9478 MW module shipments made during the year. It was followed by rival Jinko (12.7%) and Adani (10.2%).

In inverters, China’s Sungrow accounted for 32% of 9624 MW shipments for utility-scale installs, followed by rivals Huawei (20%) and Sineng (18%). Goodwe (17%), Growatt (16%), and Sungrow (12%) captured lion’s share of 3268 MW inverter supplies for the rooftop/onsite solar market.

Leading installers

Hero Future Energies dominated the utility-scale solar segment, accounting for a 10.7% share of the 2.8 GW market. Sterling & Wilson Solar led EPC installations at 28% share.

In the rooftop solar market (1.8 GW), Fourth Partner, Amplus and Cleantech Solar were the leading project developers (Opex model). Tata Power Solar topped in EPC installations, followed by Fourth Partner and Mahindra Susten.

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