(E.T)
New Delhi: India installed a record 10 gigawatt (GW) of solar capacity during calendar year 2021, registering a year-on-year rise of 212 per cent, according to Mercom India Research. The country had made 3.2 GW of solar capacity installations during 2020, the research firm said in its latest report.
Cumulative solar installed capacity in India was approximately 49 GW at the end of December 2021, the report titled ‘Annual 2021 India Solar Market Update’ said. “India added a record 10 GW of solar in 2021, the highest ever in a year. Solar accounted for 62 per cent of new power capacity additions in 2021, the largest share of power capacity ever,” it said.
“In 2021, solar tenders dipped 4.3 per cent y-o-y and auctions fell 2.6 per cent compared to 2020. The delay in signing power-sale agreements (PSA) and lack of clarity regarding applicable duties were some of the reasons for the slowdown in tender and auction activity,” the report said.
