COUNTRY
India is the second most populous and seventh largest country by land area in the world. The power sector, with over 350 GW of installed capacity, ranks third globally in terms of size. With a target of 175 GW of installed renewable energy capacity by the year 2022, India offers one of the world’s largest renewable energy markets.
Solar Power
Top 10 States in Solar Power Installation
Electricity Generation from Solar
Export & Import of Solar Modules & Cells from Key Countries
Export & Import of Solar Modules & Cells from All Countries
Key Players
  • Acme Solar Holdings
  • Adani Green Energy
  • Avaada Energy
  • Azure Power
  • Greenko Energy Holdings
  • Hero Future Energies
  • NLC
  • NTPC
  • Renew Power
  • Tata Power
  • Amplus Solar
  • Azure
  • Cleanmax Solar
  • Fourth Partner
  • Oakridge Solar
  • Renew Power
  • SunSource
  • Tata Power Solar Systems Ltd.
  • Think Energy
  • Vivaan Solar
  • DBS
  • ICICI Bank
  • IDFC
  • IREDA
  • PFC
  • Punjab National Bank
  • SBI Caps
  • State Bank of India
  • Sunvest Capital
  • Yes Bank
  • Abu Dhabi Investment Authority (ADIA)
  • Actis
  • APG Asset Management NV
  • Canadian Pension Fund
  • Engie SA
  • GIC Private Limited
  • JERA, Japan
  • Piramal Enterprises
  • Emmvee Photovoltaics Private Limited
  • Goldi Green Technologies Pvt. Ltd.
  • Mundra Solar
  • Navitas Green Solutions Pvt. Ltd
  • Renewsys
  • Satvik Green Energy Pvt Ltd
  • Tata Power Solar Systems Ltd.
  • Vikram Solar
  • Waaree Solar
  • ABB LTD
  • Bosch
  • First Solar
  • L&T ECC
  • Mahindra Susten
  • Moser Baer Ltd
  • Punj Lloyd Delta Renewables Pvt Ltd
  • Sterling & Wilson
  • Sunsure
  • Vikram Solar
  • Asea Brown Boveri Ltd (ABB)
  • Delta Electronics India
  • Fronius India Pvt Ltd
  • GoodWe
  • Huawei
  • SMA India
  • Sofar Solar
  • Solis
  • Sungrow
  • Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC)
Graphs have been developed using HIGHCHARTS software under the Creative Commons Attribution-NonCommercial 3.0 License
  • Global Rank
    5th
    in installed solar capacity (2019-20)
  • Installed solar capacity
    37 GW
    as on November 2020
  • Share of electricity from solar in grid
    3.62 %
    in 2019-20
  • Allocated capacity of solar parks
    26 GW
    in 21 states
  • BIS certified solar module brands
    106
    as of June 2019
  • Lowest tariff discovered in solar projects
    INR 2.36/kWh
    USD 0.032/kWh, till date
Applicable GST Rate
  • Solar power projects
    8.9%
  • Solar cells and modules
    5%
  • Electrical transformers
    18%
  • Inverters
    5%
  • Cables
    18%
Indirect Taxes
  • Safeguard duty on solar cells and modules
    14.9%
    to reduce to 14.5% from Feb 2021 to July 2021
  • Anti-dumping duty on EVA backsheet upto
    1559 USD/MT
    on imports from China, Saudi Arabia, Malaysia and Thailand
  • Anti-dumping duty on textured tempered glass upto
    136 USD/MT
    on imports from Malaysia and China
BIS Certified Solar Modules
  • India (50)
  • China (39)
  • Vietnam (9)
  • Malaysia (2)
  • South Korea (2)
  • Thailand (2)
  • Singapore (1)
  • Taiwan (1)
BIS Recognised labs
  • IS 14286 (Solar Module)
  • IS 16077 (Solar Module)
  • IS 61730 (Solar Module)
  • IS 16221 (Inverter)
  • IS 16169 (Inverter)
Masterclass
CEF Masterclass decodes policy, trends and advances in the clean energy markets for key stakeholders in the renewable energy sector. From improving understanding of the dynamics of the power sector to analysing they key trends, CEF Masterclass connects the dots for everyone with interest in clean energy markets.
CEF Explains
Redesigning real time electricity markets in India
CEF Analysis
Dissecting innovative RE procurement models in India