India put in greater than 12GW of photo voltaic PV within the monetary yr 2022 (FY2022) however that is anticipated to soar to greater than 20GW in FY2023 because the nation appears to be like to speed up its photo voltaic deployment, based on JMK Analysis.
In FY2022, India added roughly 10.1GW of utility-scale photo voltaic capability and one other 2.2GW of rooftop capability, with the highest three performing states being the stalwarts of Rajasthan (6GW), Gujarat (1.9GW) and Uttar Pradesh (0.5GW).
For the FY2023, nevertheless, about 16.5GW of recent utility-scale photo voltaic initiatives and three.5GW of rooftop photo voltaic initiatives are anticipated to be commissioned, JMK mentioned in its Annual India Photo voltaic Report Card FY2022.
Furthermore, on the finish of March, India had commissioned round 46GW of utility-scale photo voltaic capability and an extra 43.6GW was additionally sat in venture pipelines, with the now retired reverse auctions additionally accomplished for these initiatives, based on JMK.
Regardless of the Indian authorities’s try to scale back the nation’s reliance on Chinese language module imports by way of its fundamental customs responsibility on photo voltaic cells and modules, Chinese language suppliers nonetheless accounted for the overwhelming majority of modules to the nation.
In whole, greater than 21GW of PV modules had been shipped to India in FY2022, with the highest 5 module suppliers being Chinese language, accounting for almost three-quarters of all shipments.
LONGi took high spot with 23.4% of all module shipments (accounting for roughly 4.9GW of modules), Jinko Photo voltaic got here in second with 22.3% (4.6GW), Trina Photo voltaic third with 14.8% (2.9GW), Znshine equipped 6.2% (1.3GW) and Risen offered 5.6% (1.2GW). A roster of different suppliers made up the rest and had been predominantly from India.
In the meantime, Sungrow, Sineng and Huawei had been the highest three inverter suppliers in India in FY2022, collectively supplying round 11.5GW of string and central inverters.