From pv journal India
India put in 3,338 MW of latest solar energy capability within the third quarter of 2022, bringing cumulative PV installations to 64.2 GW by the top of September. Of the brand new additions, 2.6 GW will come from utility-scale photo voltaic, 485 MW from rooftops, and 251 MW from off-grid installations, in accordance with Bridge to India’s newest report.
Capability installations decreased by 13% quarter on quarter within the July-September interval, as builders postponed initiatives in anticipation of a lower in module costs subsequent 12 months. Lack of readability on concessional fundamental customs responsibility (BCD) for initiatives auctioned earlier than March 2021 can be slowing down progress, analysts mentioned.
“Worldwide and home module costs have softened barely and are anticipated to proceed to reasonable all through 2023. EPC prices for utility scale photo voltaic noticed a 7% discount in QOQ to INR 43.3 ($0.53) / Wp,” mentioned Bridge of India.
Module imports fell barely all through the quarter, however exports additionally grew over time. The entire quantity of PV within the nationwide pipeline reached 53,405 MW as of Sept. Bridge to India mentioned it expects the nation so as to add about 3.2 GW of PV capability within the fourth quarter of 2022 and three GW within the first quarter of 2023.
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