Adani, Avaada and Azure are Indian top utility-scale solar project developers

Adani acquired SB Energy's 5 GW India renewable power portfolio in October

Adani Solar, Avaada Energy, and Azure Power have emerged as the top utility-scale solar project developers in the first half (1H) of the calendar year 2021, according to Mercom’s »India Solar Market Leaderboard 1H 2021« report. Adani Solar was the top utility-scale developer in 1H 2021 with a market share of 13 percent, whereas Avaada Energy and Azure Power had market shares of 9 percent and 8 percent, respectively. The top three players accounted for 30 percent of the total market share in 1H 2021, says the consultancy. The top ten developers accounted for 67 percent of the total market share in 1H 2021.
Utility-scale projects accounted for 85 percent of the cumulative installations as of June 2021. Utility-scale solar developers had 90.3 GW of projects in operation and under development. Of these, operational projects accounted for 37.5 GW, and projects under-development accounted for 52.8 GW. According to Mercom's findings, »solar accounts for 11.2 percent of the total installed power capacity in India as of June 2021.« Among renewables, the share of solar was 30 percent. The market share of coal is about 52.5 percent.

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