India adds 7.3 GW solar energy capacity in 2019: Report


New Delhi: India added 7.3 GW of solar energy era capacity in 2019 and holds a robust pipeline of 23.7 GW beneath building initiatives, mentioned a report. Mercom Communications India, a subsidiary of worldwide clear energy communications and consulting agency Mercom Capital Group, has launched its report ‘India Solar Market Leaderboard 2020’ on Wednesday.
The report covers market share and cargo rankings throughout the Indian solar provide chain in 2019.

During the calendar yr (CY) 2019, India put in 7.3 GW of solar energy throughout the nation, consolidating its place because the third-largest solar market in the world, it mentioned.

India additionally had a strong pipeline of utility-scale initiatives beneath growth of 23.7 GW on the finish of 2019, with one other 31.5 GW of tenders pending public sale, it added.

“The solar market leaders have changed in almost every category compared with last year. With a tough year ahead, we expect strong, resilient, and innovative companies continue to do well,” mentioned Raj Prabhu, CEO of Mercom Capital Group, in the assertion.

The report reveals that the highest ten large-scale mission builders account for 68 per cent market share in 2019.

ReNew Power was the highest utility-scale developer throughout 2019, whereas Azure Power owns the most important mission pipeline, the report mentioned.

There are round 29 large-scale solar builders with a mission pipeline of 100 MW or extra in India.

Large-scale solar installations in 2019 accounted for 85 per cent with 6.2 GW. Also, solar accounted for 41 per cent of latest energy capacity additions in 2019 behind coal which accounted for 44 per cent.

Companies providing engineering, procurement, building (EPC) companies noticed loads of initiatives moved to 2020 attributable to delays brought on by common elections, land, and evacuation points, amongst others, the report mentioned.

Mahindra Susten was the highest EPC participant for utility-scale solar installations in 2019, adopted by L&T, it added.

Tata Power Solar had the most important cumulative rooftop portfolio, adopted by CleanMax Solar, the report mentioned.

At the tip of 2019, the highest ten rooftop solar installers represented 34 per cent of the whole rooftop solar market share.

In 2019, the rooftop solar market development got here down by 33 per cent in comparison with CY (calendar yr) 2018.

Huawei led the solar inverter market in India in 2019, adopted by Sungrow. Other high string inverter suppliers included Growatt, Solis Inverters, and Delta Power Solutions.

At the tip of December 2019, Trina Solar was the main module provider to India in phrases of cumulative shipments, whereas Waaree Energies, Adani, and Risen Energy held the highest spot in CY 2019. The high ten module suppliers accounted for over 62 per cent of the market in 2019.

Ganges Internationale was the highest provider of solar mounting buildings in 2019, adopted by Purshotam Profiles and Strolar. Scorpius Trackers was the highest provider of solar trackers in 2019.

Rays Power Experts and CleanMax Solar have been the highest open entry builders as of December 2019.

Ecoppia was the highest provider of solar robotic cleansing programs as of December 2019, it added.

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