Solar Power Market in India is to record a 37.31% Y-O-Y growth rate in 2022. Moreover, the Solar Power Market in India is expected to increase by USD 240.
42 billion from 2021 to 2026. India would be adding 10 GW solar capacity in 2022. Indian Solar CapacitySolar capacity installations in the country jumped by a record 210 per cent to 10 gigawatts during 2021. In CY 2021, India saw a record 10 GW of new solar capacity installed, a big jump of 210 per cent compared to 3.2 GW the year before.
In 2021, 1.7 GW of rooftop solar capacity was added. Tata Power Solar led the list of rooftop solar installers, accounting for 20 per cent of the total installations in the segment.
Solar imports in 2021 saw a massive increase of 641 per cent year-on-year.