India’s top 10 solar power developers installed 69% of all projects in 2020 – report

India’s top 10 large-scale project developers can be credited for installing 69 percent of the projects, according to a recently released report by Mercom Communications India. Large-scale solar installations in 2020 amounted to 78 percent of the total solar installations of 2.5 gigawatts (GW), the report said.

Also solar accounted for 48 per cent of new power capacity additions in 2020. Sterling & Wilson is the top EPC provider for utility-scale solar in 2020, followed by Tata Power Solar.

The report said Adani was the top utility-scale project developer by installed capacity in 2020, while Tata Power Solar had the largest rooftop installations in the year, followed by Fourth Partner Energy.

“In 2020, the top 10 rooftop solar installers accounted for 66 percent of the rooftop solar market. Rooftop installations totaled 719 megawatt (MW) in 2020, a 35 percent drop year-over-year due to COVID-19 related challenges,” said the report.

Further, LONGi Solar was the leading module supplier to India in 2020, and in terms of cumulative shipments, Trina Solar topped the list. The top 10 module suppliers, including several Indian manufacturers accounted for over 68 percent of the market in 2020, the report added.

Open access installations in India saw a 56 percent increase in 2020, due to the increasing interest from corporates buying open access projects. Rays Power Experts, Amplus Solar, and CleanMax were the top open access developers as of December 2020.

“During the calendar year (CY) 2020, India installed 3.2 GW of solar power projects across the country. India also had a robust pipeline of 47.5 GW of utility-scale projects under development at the end of 2020, with another 24.5 GW of tenders pending auction,” the report said.

The solar market leaderboard reflected a volatile year for the industry dominated by disruptions from the COVID-19 pandemic. Companies offering engineering, procurement, construction services saw a large number of projects move into 2021 due to delays caused by the COVID-19 pandemic, land acquisition, and evacuation issues, among other issues.

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