In Q3 2023, the solar sector experienced a slight dip in utility-scale capacity additions, with 0.85 GW added. Rooftop solar saw a 53% decrease, adding 0.7 GW. Adani dominates with 8.3 GW operational and 20.4 GW in the pipeline. The sector attracted $2,394 million in investments. Domestic module prices declined by 10-12%, and module imports surged by 73%. Sungrow led inverter supplies, while Jinko claimed a 23.5% module shipments.
JMK reports dip in utility-scale solar in Q3
The report anticipates increased installation activity, expecting 4.8 GW solar capacity addition in the next two quarters. Illustration from SolarBytes.
Capri Global’s partnered with Credit Fair to ensure digital access to solar finance, helping homeowners and businesses adopt renewable energy. (Image Credit/Source: fietzfotos/Pixabay)
The IEA’s latest report reveals that module prices have halved since early 2023, as the market faces a surplus in solar manufacturing. (Image Credit/Source:Pixabay/Pexels)
SECI’s petition for tariff adoption under Section 63 of the Electricity Act, 2003 for a 900 MW hybrid project is now awaiting a CERC decision. (Image Credit/Source: Pixabay/Pexels )
The CFSE will include a 30,000-square-foot lab and solar tracker setups for real-time training. (Image Source: BUSINESS WIRE)