Solar installations in India have been up 35% year-on-year (YoY) in Q1-3 2022, however the common system price went elevated 7.5% for a similar interval, in response to consultancy Mercom Capital Group.

The first 9 months of 2022 noticed India set up 10GW of photo voltaic PV, 9GW of which have been utility-scale installations, a notable improve on the 7.4GW put in within the first three quarters of 2021. Q3 particularly noticed 2.7GW of photo voltaic put in, a 35% drop in contrast with the earlier quarter and a 6.6% lower YoY.

The nation’s complete put in PV capability now stands at 60GW, with a utility-scale pipeline of over 58GW and an additional 46GW of tendered initiatives awaiting public sale.

Mercom mentioned that the state of Rajasthan accounted for over 27% of India’s photo voltaic installations, the state having reached 14GW of put in capability. Some 4.8GW of initiatives are awaiting approval from authorities because of the ongoing displacement of the state’s emblematic fowl – the Great Indian Bustard – bringing environmental issues round photo voltaic and wind installations to the fore.

The 7.5% rise in photo voltaic venture costs was unsurprising, as Mercom mentioned that costs have risen in India for 9 consecutive quarters.

The analysis additionally mentioned that the Technical Expert Committee had highlighted connectivity points, figuring out that 66kV underground powerlines are usually not viable to dump bulk vitality, limiting transmission capability to 33kV and under. Mercom mentioned that this provides ambiguity to India’s set up future and has pushed again commissioning dates on the excellent initiatives.

India added 12GW of energy capability in Q1-3 2022, the overwhelming majority being photo voltaic. Earlier this month, evaluation from Wood Mackenzie mentioned that 82% of the corporate power purchase agreements (PPAs) signed in India have been for solar energy amidst the Asia Pacific area seeing a growth in company PPAs.

PV Tech Premium not too long ago revealed a Q&A with Vikram Solar discussing India’s push in direction of home PV manufacturing.