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Dec 07, 2022

This year's Indian photovoltaic market has more than 10GW

Despite the impact of policy changes and supply chain shortages, India's installation has maintained upward growth this year. At present, the new installation has exceeded 10GW.


Consulting company Mercom Capital Group data shows that from the first quarter to the third quarter of 2022, Indian solar installation capacity increased by 35%year -on -year, but the cost of the same period of the same period increased by 7.5%.


In the first nine months of 2022, 10GW solar photovoltaic was installed in India, of which 9GW was a large ground photovoltaic power plant, a significant increase from 7.4GW in the first three quarters of 2021. Specifically, in the third quarter, the installed capacity of the solar energy was 2.7GW, a decrease of 35%compared with the previous quarter, and a decrease of 6.6%year -on -year.


The total number of photovoltaic installations in India is currently 60GW, large ground photovoltaic power station projects exceed 58GW, and 46GW bidding projects are waiting for bidding.


Mercom said that the proportion of Rajast Tanna in India's solar projects exceeded 27%and the installed capacity has reached 14GW. As the iconic birds of Lajast Tanzhan were expelled, the environmental problems of solar and wind energy projects were increasingly prominent, and about 4.8GW projects were waiting for the authorities to approval.


It is not surprising that the price of solar projects rose 7.5%. Mercom said India's prices have risen for nine consecutive quarters.


The research report also shows that the technical expert committee focuses on the grid problem. It is determined that the underground transmission line of 66KV is not feasible, and the transmission capacity is therefore limited to 33kV and below. Mercom said that this made India's development prospects more blurred, and the debugging date of the unfinished project was pushed back.


In the first quarter to the third quarter of India, India increased 12GW power capacity in the first quarter, most of which were solar energy. Earlier this month, Wood Mackenzie analyzed that 82%of the Enterprise Purchase Agreement (PPA) signed by India's enterprise power purchase agreement (PPA) in the Asia -Pacific region was used for solar power generation.


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