India installed 1.7 GW of solar capacity during the second quarter (Q2) of 2023, down 58% year-on-year (YoY), according to Mercom India Research's Q2 2023 India Solar Market Update. On a quarterly basis (Q00), installations decreased by 10%. Priya Sanjay, Managing Director at Mercom India, noted that multiple reasons impacted capacity expansions during the quarter. The Ministry of New and Renewable Energy (MNRE) extended commissioning deadlines for several solar and solar wind hybrid projects until March 2024, three times between December 2022 and June 2023. Module price fluctuations, supply constraints and uncertainties surrounding the approved list of models and manufacturers (ALMM) contributed to project delays in Q2 and the first half (1H) of 2023.
Challenges to land acquisition, power evacuation and tariff re-approval of power purchase agreements by state regulatory commissions also contributed to delays.
1328
2399
2999
3500
20177
40354
3814
7599
1100
1300
799
1999
30310
60620
68810
137620
1549
2169
2014
3999
5975
11353
499
999
3234
6499
7127
13542