From pv journal India

India will add 2.5 GW of open entry photo voltaic capability in 2022, 92% from the 1.3 GW put in in 2021. This represents a brand new annual file for installations, in accordance with Mercom India’s newest report.

The nation has reached 7.7 GW of cumulative put in open-access photo voltaic capability by December 31, 2022. Karnataka stays the main state, accounting for practically 36% of the cumulative open-access photo voltaic capability. It’s adopted by Maharashtra, which has greater than 12% of the entire installations within the nation.

“Installations have reached a excessive level in 2022 as a result of numerous organizations and builders are in a rush to finish initiatives earlier than the fundamental customs responsibility (BCD) and Accepted Listing of Fashions and Fashions Producers (ALMM) laws are being applied,” mentioned Mercom India. “The fee of initiatives delayed throughout the COVID-19 pandemic can be added to the entire.”

Karnataka will add probably the most open entry photo voltaic capability by 2022, adopted by Maharashtra and Tamil Nadu. The highest 5 states collectively accounted for 77% of all installations for the 12 months.

Additions within the fourth quarter reached 293 MW, down practically 10% year-on-year. Karnataka accounted for greater than 32% of all capability additions throughout the October-December interval. The nation’s fourth-quarter venture pipeline reached 6.6 GW.

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