Adani accounted for the majority of India’s 15 GW of solar installations last year, with 1.75 GW of additional capacity. According to the latest report by Bridge To India, the developer was followed by NTPC with 1.61 GW and Avaada with 1.38 GW.
India reached 67.6 GW of cumulative solar capacity at the end of December 2022, with 15.04 GW of new solar capacity added in 2022. A significant positive for 2022 was the open access market, which added 3.4 GW of new capacity, according to Bridge To. India Latest Report.
Adani accounted for the largest share of India’s 15 GW of solar installations last year with a capacity addition of 1.75 GW, followed by NTPC with 1.61 GW and Avaada with 1.38 GW, Bridge To India said.
Bridge To India said the average solar tariff in 2022 rose 11 percent to INR 2.66 ($0.032)/kWh, while hybrid tariffs rose 15 percent annually to INR 2.85/kWh. State hydropower producer SJVN was the top project winner in the clean solar auction with a total allocated capacity of 1.09 GW, followed by Fortum with 800 MW and Tata Power with 650 MW.
Tata Power led the solar-wind hybrid auctions by a wide margin with a total profit of 1.31 GW, followed by NTPC with 450 MW and ReNew with 300 MW.
As of 12/31/2022, the total number of projects for Indian developers and in various stages of development was 52.3 GW.