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Mercom’s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year of 1H 2022. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/india-solar-market-leaderboard-1h-2022-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
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Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener noreferrer">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Solar Developers</li>
<li>Top Rooftop Solar Installers</li>
<li>Top Utility-Scale EPC Service Providers</li>
<li>Top Central Inverter Suppliers</li>
<li>Top String Inverter Suppliers</li>
<li>Top Solar Module Suppliers</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Module Mounting Structure Suppliers</li>
<li>Top Open Access Solar Developers</li>
<li>Top Robotic Cleaning System Suppliers</li>
</ul>
Companies Covered in the report include:
Avaada Energy | Tata Power Renewables | Azure Power | NTPC Renewables | Adani Green Energy | ABC Renewables | Vibrant Energy | ACME Solar | Hero Future Energies | Juniper Green Energy | Engie | Sprng Energy| UPC Renewables | Aegeus Technologies| Airtouch | Sol-Bright Photovoltaic Technology| Solabot Technologies | Alpex Exports | AMP Energy India | Amplus Solar | Arctech Solar | ARS SolarTech | Voltas | Ayana Renewable | Azure Power | BHEL| BloKleen Solar | Goodluck India | Canadian Solar | Strolar Mounting Systems | Cleantech Solar | CleanMax Enviro Energy | Rayzon Solar | Delta Electronics | Ecoppia | EDEN Renewables | Rays Power Experts | Emmvee Photovoltaic Power | Enrich Energy | Euro Multivision | FIMER India | JSW Energy | Fourth Partner Energy| Ganges Internationale | Goldi Solar | Goodluck India | GoodWe | Greenko | Growatt | Hero Future Energies | InfiniteERCAM | JA Solar | Jakson Solar | Jetsons Robotics | Jinko Solar | Juniper Green Energy | Jupiter International | Voltas | L&amp;T Construction | LONGi Solar | Mahindra Susten | Metalkraft Forming Industries| NLC India | NTPC | Nuevosol Energy | Orb Energy| PetaWatts Solar | Photom Technologies | Photon Solar | Premier Energies | Prozeal Infra | Purushotam Profiles | PV Power Technologies | Rays Power Expert | Rays Power Infra | Refex Energy | ReNew Power |Raydean Industries | RenewSys India | Risen Energy | Saatvik Green Energy | Hitachi Hi-Rel Power Electronics | Sungrow | Scorpius Trackers | Goodluck India | Shri Krsna Urja | Purshotam Profiles | Sineng Electric | Singareni Collieries | Skilancer Solar | SMA India | SmartTrak | SNS Corporation | SOFARSOLAR | Solabot Technologies | Solar Square | Solavio Labs | Ginlong (Solis) Technologies | Sterling &amp; Wilson | Strolar Mounting Systems | Sungrow | SunSource Energy | Surana Solar | Havells India | Orb Energy | Hartek | Tata Power Solar | Tata Power Renewable | Sunsure Energy | TBEA Energy | TMEIC | E Solar | Vikram Solar | Vivaan Solar | Refex Energy | SWELECT Energy | BELECTRIC | Waaree | Znshine Solar |Godawari Power &amp; Ispat | Hira Group |Hinduja Renewables |Exosolar | ISHKON Industries | MAN Structurals | Webel Energy Systems | CETC Renewable Energy Technology | Waaree Energies
Know your competition and stay ahead of the game, get your copy of the Mercom India Solar Market Leaderboard report today!
Call us for pricing and details: +91.80.4121.1148 or email us at: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 1H 2022: Market Shares and Profiles

India Reports

Open access solar installations in India totaled 680 MW installed in the second quarter (Q2) 2022 of the calendar year 2022, an 18% increase quarter-over-quarter (QoQ) compared to 575 MW installed in Q1 2022. Year-over-year (YoY) installations increased 223% compared with 210 MW in Q2 2021, according to the newly released Mercom India Solar Open Access Market Report Q2 2022.
In the first half (1H) 2022, India added 1.3 GW of open access solar, a 97% increase compared to 638 MW installed in 1H 2021, the second-highest recorded first half of any year.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/india-solar-open-access-market-report-q2-2022-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
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As of June 2022, cumulative installed solar capacity in the open access market was over 6.5 GW. The top five states accounted for over 73% of the country&#8217;s cumulative open access solar installations.
The development pipeline of open access solar projects in the country was about 2.8 GW as of Q2 2022.
<img class="wp-image-40965 aligncenter" src="https://mercomindia.com/wp-content/uploads/2022/08/solar-open-access-1.png" alt="solar open access" width="600" height="360" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1.png 837w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-300x180.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-768x461.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-650x390.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-624x374.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-600x360.png 600w" sizes="(max-width: 600px) 100vw, 600px" />
Increased focus on renewable purchase obligation (RPO) compliance and RE100 goals by commercial &amp; industrial (C&amp;I) companies drove up installations. Module supply concerns post-Approved List of Module Manufacturers’ (ALMM) imposition increased developer&#8217;s urgency to add to open access capacity despite a 40% Basic Customs Duty (BCD) on module and components, noted the report.
According to the report, the Green Term Ahead Market witnessed a 39% decrease in volumes traded through January, February, and March 2022. February had the highest traded volume, whereas March realized the highest market-clearing price during the quarter.
A detailed analysis of the solar open access business overview, retail electricity tariff, and open access charges and costs for seventeen states has been covered in the report, with Assam being the latest addition.
The average PPA prices, net landed costs, and open access policies and regulations released in Q2 2022 are featured in the report.
The report also highlights the views and opinions of the top open access installers across the country during the quarter.
Key Highlights from Mercom India Research’s <a href="https://mercomindia.com/product/india-solar-open-access-market-report-q2-2022/">India Solar Open Access Market Report Q2 2022</a>
<ul>
<li>Solar open access installations in 1H 2022 totaled 1.3 GW, an increase of 97% compared to 1H 2021</li>
<li>India added 680 MW of solar open access capacity in Q2 2022, an 18% QoQ increase and a 223% YoY increase</li>
<li>As of June 2022, the total installed solar capacity in the open access segment was over 6.5 GW</li>
<li>About 2.8 GW of projects are under development and pre-construction phase in the pipeline</li>
<li>The top five states contributed to 91% of open access solar installations in Q2 2022</li>
<li>The highest solar capacity added during the quarter under open access was in Karnataka</li>
<li>Karnataka has the largest pipeline of open access solar projects in various stages of development</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Mercom India Solar Open Access Market Report Q2 2022

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India added 389 megawatts (MW) of rooftop solar capacity, a 15% decline compared to the 456 MW in Q1 2022. In a year-over-year (YoY) comparison, installations were down by 25%, according to Mercom India Research&#8217;s newly released &#8220;Mercom India Rooftop Solar Market Report Q2 2022&#8221;.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/rooftop-solar-market-report-q2-2022-executive-summary-form/" rel="noopener noreferrer">Download Executive Summary</a></div>
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According to the report, at the end of Q2 2022, cumulative rooftop solar installations reached over 7.9 GW.
<a href="https://mercomindia.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW.png"><img class="aligncenter wp-image-40546" src="https://mercomindia.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW.png" alt="India Rooftop Solar Demand Forecast (MW)" width="600" height="290" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW.png 1417w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-300x145.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-768x371.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-650x314.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-624x301.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-600x290.png 600w" sizes="(max-width: 600px) 100vw, 600px" /></a>
During the quarter, around 50% of installations were in the industrial segment, followed by approximately 35%, 13%, and 2% in commercial, residential, and government segments, respectively.
&#8220;Rooftop installation levels in the first half of the year have been solid, but supply chain issues and the resulting higher component costs and the basic customs duty took a toll on the market in the second quarter. Rooftop project costs have risen for six quarters in a row. But the economic case for rooftop solar is stronger than ever, and we expect the market to show strength going forward,&#8221; said Raj Prabhu, CEO of Mercom Capital Group.
The top 10 states accounted for nearly 73% of cumulative rooftop solar installations at the end of Q2 2022. Gujarat led all states, adding over 50 MW of rooftop solar capacity during the quarter, accounting for 13% of the quarter&#8217;s installations.
Key Highlights from Mercom India Research&#8217;s India Rooftop Solar Market Report Q2 2022
<ul>
<li>Rooftop solar installations totaled 845 MW in 1H 2022</li>
<li>In Q2 2022, India added 389 MW of rooftop solar capacity</li>
<li>Cumulative rooftop solar installations reached 7.9 GW as of Q2 2022</li>
<li>The top 10 states cumulatively accounted for nearly 73% of rooftop solar capacity</li>
<li>In Q2 2022, around 50% of rooftop solar installations came from the industrial segment, followed by approximately 35%, 13%, and 2% in commercial, residential, and government segments</li>
<li>Gujarat was the top state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q2 2022 – 389 MW INSTALLED IN Q2 2022

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India added over 3.9 gigawatts (GW) of solar capacity in Q2 2022, an 18% increase compared to 3.3 GW installed in Q1 2022. Year-over-year (YoY) installations rose by 59% compared to the 2.4 GW added in Q2 2021, according to the newly released Q2 2022 India Solar Market Update.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/q2-2022-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
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In 1H 2022, India added around 7.2 GW of solar, a 59% increase compared to 4.5 GW installed in 1H 2021. During Q2 2022, 3.5 GW of large-scale solar was installed, a quarter-over-quarter (QoQ) increase of around 23%, and an 82% YoY increase.
India’s cumulative installed solar capacity now stands at 57 GW.
The country has a utility-scale projects development pipeline of over 58 GW. Another 37 GW of projects tendered are awaiting auction.
<img class="aligncenter wp-image-40110" src="https://mercomindia.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1.png" alt="solar installations in quarter" width="700" height="321" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1.png 865w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-300x138.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-768x352.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-650x298.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-624x286.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-600x275.png 600w" sizes="(max-width: 700px) 100vw, 700px" />
There is still a lot of ambiguity around projects impacted by the Great Indian Bustard (GIB). To protect the critically endangered bird, the Supreme Court said during the quarter that transmission lines running through the priority areas of the GIB need to have bird diverters installed before July 20, 2022. A Committee formed to review cases has approved only two of the eight applications received, and the remaining are still being scrutinized. This process is taking time and will likely affect project development this year.
In 1H 2022, India added around 9.3 GW of total power capacity, with most new installations coming from solar power. Solar accounted for 77.9% of new power capacity during the quarter, the largest share captured by solar in any given quarter.
Multiple government agencies announced about 9 GW of tenders in Q1 2022, an increase of 8% YoY compared to over 8 GW announced in Q2 2021. Tender activity in Q2 2022 increased by about 80% QoQ compared to over 5 GW released in Q1 2022.
Key Highlights from Mercom India Research&#8217;s Q2 2022 India Solar Market Update:
<ul>
<li>In 1H 2022, India added 7.2 GW of solar capacity, a 59% increase compared to 4.5 GW installed in 1H 2021</li>
<li>Large-scale solar accounted for 90% of the installations, and rooftop solar for the remaining 10%</li>
<li>India’s cumulative installed solar capacity now stands at 57 GW</li>
<li>In 1H 2022, renewable energy sources (including large hydro) accounted for about 90%</li>
<li>Solar accounted for 77.9% of new power capacity during the quarter</li>
<li>In Q2 2022, Rajasthan and Karnataka were the top states for solar installations</li>
<li>Q2 2022 was the best quarter for solar to date in India</li>
</ul>
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<a href="https://mercomindia.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-scaled.jpg"><img class="aligncenter wp-image-40092" src="https://mercomindia.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-scaled.jpg" alt="solar Q2 2022" width="700" height="564" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-300x242.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-2000x1612.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-768x619.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-1536x1238.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-2048x1651.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-650x524.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-624x503.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-600x484.jpg 600w" sizes="(max-width: 700px) 100vw, 700px" /></a>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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Q2 2022 INDIA SOLAR MARKET UPDATE - 3.9 GW INSTALLED IN Q2 2022

Open access solar installations in India totaled 513 MW in the first quarter (Q1) of the calendar year (CY) 2022, registering a growth of 58% quarter-over-quarter (QoQ), compared to 324 MW installed in Q4 0221. The year-over-year (YoY) installations increased by 22% compared to 422 MW in Q1 2021.
At the end of March 2022, the cumulative installed solar capacity in the open access market stood at nearly 5.7 GW. The top five states in terms of open access installations accounted for 73% of the country&#8217;s cumulative open access installations.
The country&#8217;s development pipeline of open access solar projects is 2 GW at the end of Q1 2022.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/mercom-india-solar-open-access-market-report-q1-2022-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
<a href="https://mercomindia.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW.jpg"><img class="aligncenter wp-image-36484" src="https://mercomindia.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW.jpg" alt="Solar Open Access Installations (MW)" width="600" height="353" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW.jpg 1657w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW-300x177.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW-768x452.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW-1536x904.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW-650x382.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW-624x367.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/06/Solar-Open-Access-Installations-MW-600x353.jpg 600w" sizes="(max-width: 600px) 100vw, 600px" /></a>
The report analyzes various short-term markets, such as the Day-Ahead Market (DAM), Green Day-Ahead Market (GDAM), Term-Ahead Market, Green Term-Ahead Market, and the Real-Time Market, which have been witnessing a growth in the recent past.
The report gives a detailed account of the relationship between the volume and price of green power transactions in the short-term market.
The report provides an overview of the solar open access business, retail electricity tariff, and the open access charges and costs for the following states: Karnataka, Rajasthan, Maharashtra, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Telangana, Haryana, Gujarat, Odisha, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, and Kerala.
The report also gives an overview of banking policies for Haryana, Rajasthan, and Gujarat.
It also includes opinions of open access installers across the country.
Key Highlights from Mercom India Research’s India Solar Open Access Market Report Q1 2022:
<ul>
<li>India added 513 MW of solar open access capacity in Q1 2022 installations, showcasing an increase of 58% QoQ and 22% YoY increase</li>
<li>As of March 2022, the total installed solar capacity in the open access segment crossed 5.7 GW</li>
<li>Karnataka had the highest solar open access installations in Q1 2022, accounting for 30% of the installations in Q1 2022</li>
<li>Maharashtra surpassed Tamil Nadu and Uttar Pradesh to become the second-largest state for cumulative open access solar installations </li>
<li>Maharashtra had the second-largest installations in Q1 2022, with an impressive 131% (QoQ) increase</li>
<li>Trading renewable energy through the green term-ahead market saw a 49% decrease in volume through October, November, and December 2021</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Mercom India Solar Open Access Market Report Q1 2022

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India added 456 megawatts (MW) of rooftop solar in Q1 2022, a 13% increase compared to the 402 MW installed in Q4 2021. In a year-over-year (YoY) comparison, installations were up by 34%, according to Mercom India Research’s newly released “Mercom India Rooftop Solar Market Report Q1 2022 .”
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According to the report, at the end of Q1 2022, cumulative rooftop solar installations reached over 7.6 GW.
<a href="https://mercomindia.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022.png"><img class="aligncenter wp-image-36119" src="https://mercomindia.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022.png" alt="Rooftop Installation _Q1 2022" width="600" height="310" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022.png 817w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-300x155.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-768x397.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-650x336.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-624x322.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-600x310.png 600w" sizes="(max-width: 600px) 100vw, 600px" /></a>
&#8220;It was another great quarter for the rooftop solar market as post-covid installations continued to surge. Rooftop installations have topped 400 MW for four quarters in a row, which is a first. Commercial and Industrial segments were again the driving force accounting for most of the installations. However, future growth is dependent on system costs. If the prices continue to go up and project economics deteriorate, demand is bound to contract in the short term,&#8221; said Raj Prabhu, CEO of Mercom Capital Group.
Gujarat was the top state for cumulative solar rooftop installations, with about 1.8 GW. Maharashtra and Rajasthan rank second and third, contributing 12% and 10% of total rooftop installations by the end of Q1 2022.
Key Highlights from Mercom India Research&#8217;s India Rooftop Solar Market Report Q1 2022
<ul>
<li>In Q1 2022, India added over 456 MW of rooftop solar capacity, the second-most in any quarter.</li>
<li>Cumulative rooftop solar installations reached 7.6 GW as of Q1 2022.</li>
<li>The top 10 states accounted for nearly 73% of rooftop solar capacity cumulatively.</li>
<li>In Q1 2022, 47% of rooftop solar installations came from the industrial segment, followed by 29%, 22%, and 2% in commercial, residential, and government segments.</li>
<li>Gujarat was the top state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan.</li>
<li>Year-over-year, rooftop solar system costs have increased 17%.</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q1 2022 – 456 MW INSTALLED IN Q1 2022

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India added over 3 gigawatts (GW) of solar capacity, a 21% increase compared to 2.6 GW installed in Q4 2021. Year-over-year (YoY) installations rose by 50% compared to the 2 GW added in Q1 2021, according to the newly released Q1 2022 India Solar Market Update.
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During Q1 2022, 2.7 GW of large-scale solar was installed, a quarter-over-quarter (QoQ) increase of 23% and a 53% YoY increase. Large-scale solar accounted for 85% of the installations, and rooftop accounted for the remaining 15% during the reporting period.
With the BCD applicable from the second quarter (Q2) of 2022 on solar cells and modules, this quarter saw a significant increase in solar module imports, noted the report. In Q1 2022, developers procured almost 10 GW of solar modules and stockpiled them ahead of the advent of Basic Customs Duty (BCD), which took effect on April 1, 2022.
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Rajasthan became the first state to cross 10 GW of cumulative large-scale solar PV installations, with over 10 GW installed as of March 2022, and accounts for 24% of the total installations in the country.
Multiple implementing agencies announced about 5 GW of tenders in Q1 2022, a decrease of 52% YoY compared to over 10 GW announced in Q1 2021. Tender activity in Q1 2022 declined by about 18% QoQ compared to nearly 6 GW released in Q4 2021.
Key Highlights from Mercom India Research&#8217;s Q1 2022 India Solar Market Update:
<ul>
<li>In Q1 2022, India added over 3 GW of solar capacity, a 21% increase compared to 2.6 GW installed in Q4 2021. </li>
<li>Cumulatively, large-scale solar accounted for 86% of the installations, and rooftop solar for the remaining 14%.</li>
<li>India’s cumulative installed solar capacity now stands at 52 GW. </li>
<li>In Q1 2022, renewable energy sources accounted for about 81% of the new power capacity additions and solar 68%.</li>
<li>In Q1 2022, Rajasthan and Gujarat were the top states for solar installations.</li>
<li>Rajasthan became the first state to cross 10 GW of cumulative large-scale solar PV installations.</li>
</ul>
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Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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Q1 2022 INDIA SOLAR MARKET UPDATE - 3 GW INSTALLED IN Q1 2022

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Mercom’s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year of 2021. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
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Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener noreferrer">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Solar developers</li>
<li>Top Rooftop Solar installers</li>
<li>Top Large-scale EPC service providers</li>
<li>Top Central Inverter suppliers</li>
<li>Top String Inverter suppliers</li>
<li>Top Solar Module suppliers</li>
<li>Top Solar Module and Cell manufacturers</li>
<li>Top Solar Tracker suppliers</li>
<li>Top Mounting Structures suppliers</li>
<li>Top Solar Open Access installers</li>
<li>Top Robotic Cleaning system suppliers</li>
</ul>
Companies Covered in the report include:
ACME Solar | Adani Green Energy | Adani Solar | Azure Power | Aditya Birla Renewables | Aegeus Technologies | AMP Energy | Amplus Solar | Arctech | Avaada Energy | Ayana Renewables | Azure Power | BELECTRIC | BHEL | BloKleen Solar | Canadian Solar | CETC Renewable Energy Technology| CleanMax Enviro Energy | Cleantech Solar | Delta Electronics | Ecoppia | EDEN Renewables | Emmvee Photovoltic Power | Enerparc | Exosolar | FIMER India (ABB) | Fortum | Fourth Partner Energy | Ganges Internationale | German Solar | Ginlong (Solis) Technologies | Goldi Solar | Goodluck India | GoodWe | Greenko | Growatt | Harsha Abakus | Hartek | Havells India | Hero Future Energies | Hinduja Renewables Energy | Hitachi | Huawei | ISHKON Industries | JA Solar | Jakson Solar | Jinko Solar | Jupiter Solar | Kartikeya Industries | Langfang Sol-Bright Photovoltaic Technology | Kehua Tech | L&amp;T | LONGi Solar | Mahindra Susten | MAN Structurals | Metalkraft Forming Industries | NLC India | NTPC | NHPC | Nuevosol Energy | O2 Power | Orb Energy | Pahal Solar | Photom Technologies | Premier Energies | Prozeal Infra Engineering | Purshotam Profiles | Radiance Renewables | Raydean Industries | Rays Power Experts | Rays Power Infra | Refex Energy | ReneSola | ReNew Power | RenewSys India | Risen Energy | Roofsol Energy | RPK Green | Saatvik Green Energy | Scorpius Trackers | Sineng Electric | Siemens Gamesa | SJVN | Skilancer Solar | SMA | SNS Corporation | Solabot Technologies | Solar Square | Solavio Labs | Sprng Energy | Sterling &amp; Wilson | Strolar | Sungrow | Sunsure Energy | Tata Power Renewables | Tata Power Solar | TBEA Energy | TMEIC | Trina Solar | UPC Renewables | Vikram Solar | Voltas | Waaree Energies | Webel Energy System | Wuxi Suntech Power | ZnShine Solar
Know your competition and stay ahead of the game, get your copy of the Mercom India Solar Market Leaderboard report today!
Call us for pricing and details: +91.80.4121.1148 or email us at: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 2022: Market Shares and Profiles

Mercom India Solar Open Access Market Report Q4 and Annual 2021

MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q4 AND ANNUAL 2021 – 1.7 GW INSTALLED IN 2021

The Indian solar sector is one of the top three markets in the world driven by ambitious solar targets. The market is both very competitive and price sensitive and it is critical, now more than ever, to monitor the pricing of imported solar components.
Mercom has been consistently updating the industry on solar export and import (EXIM) trends in India. Due to increased demand for solar EXIM data, Mercom is now offering the India Solar EXIM tracker.
Mercom’s India Solar EXIM Tracker (updated monthly) provides information on crucial data sets and shipment details, straight from the selected ports. The exhaustive tracker is a must-have tool to keep up with current trends based on HS codes. The tracker can be customized based on needs.
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INDIA SOLAR EXPORT-IMPORT TRACKER

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The share of renewable energy in the overall power mix in India is growing fast and so are the regulatory and policy changes that support renewables. It has become more important than ever to keep track of changing policies by the hour that could affect not only your corporate strategy and decision making but your bottom line.
Mercom is now bringing you regular updates on the regulatory changes affecting the renewable energy sector as it happens. Separate real-time alerts will be sent for important policy updates as it happens.
Call us for pricing and details: +91.80.4121.1148 or email: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's Renewable Energy Regulatory Updates

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India is one of the top solar markets in the world having installed about 37 GW as of June 2020. There are also 41.7 GW of large-scale projects under development, and another 32.4 GW of projects tendered and awaiting auction. Any solar company with growth aspirations cannot ignore the Indian solar market. While our <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener noreferrer">solar project tracker</a> gives a close-up view of large-scale projects and our <a href="https://mercomindia.com/product/india-solar-tender-tracker/" target="_blank" rel="noopener noreferrer">tender tracker</a> let’s you stay on top of upcoming opportunities, our market share report gives you a comprehensive understanding of the competitive landscape.
It is impossible to have a market strategy without knowing the market and the players. Our Market Share Tracker gives you insights into your competitors and their growth rates so you can adjust your strategies accordingly. Our Solar Market Share report is updated with all the top players, installations, shipment figures, and growth rates.
Who needs this:
Companies that develop solar modules, trackers, inverters, BOS, O&amp;M and asset management companies, EPC, PV testing and certification providers, and other vendors looking to grow in the Indian Solar Market and monitor competitors. This is a critical report for project developers, investors and companies looking for acquisition opportunities and that need to understand the competitive landscape.
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Call us for pricing and details: +91.80.4121.1148 or email: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.

Mercom's INDIA SOLAR MARKET SHARE TRACKER

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With almost 100 GW of solar tenders of all sizes announced over the last two years, it is more important than ever to stay on top of tender activity – Mercom makes it easy!  We monitor and alert you to new tenders, so you can focus on your core business.
Mercom’s India solar tender tracker is an exhaustive list of large-scale solar and rooftop solar project tenders announced by government agencies, defense, railways, private sector companies, and others. Mercom’s Tender Tracker is updated frequently and includes a comprehensive list of tenders released, including the issuer name, policy, type of tender, EPC or O&amp;M, size, deadline, location, and more.
Who needs this: project developers, engineering firms, EPCs, manufacturers, O&amp;Ms, component suppliers, BOS companies, financial institutions, and other companies looking to build a strong market presence and participate in one of the most dynamic sectors in India.
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Stay ahead of your competition and get the tender tracker today!
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MERCOM's INDIA SOLAR TENDER TRACKER

Mercom’s proprietary India solar project tracker is the most comprehensive database of large-scale solar projects covering commissioned and under-development projects from the beginning of National Solar Mission. The sortable project tracker includes details such as project developer, size, region and other details as available such as PPA signing, commissioning dates, tariff, offtaker etc. These trackers are customizable based on needs.
Who needs this – Financial institutions lending to projects as well as refinancing existing projects. Solar module, tracker, inverter, BOS, O&amp;M, EPC and other vendors who want to sell to projects. Project developers, Investors and Companies looking for acquisition opportunities.
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