India adds largest rooftop solar capacity of 521 MW in the April-June quarter: Report

India has added 521 megawatts (MW) of rooftop solar capacity in the second quarter (Q2) of calendar year (CY) 2021, a 53 per cent quarter-on-quarter (q-o-q) increase compared to 341 MW installed in Q1 2021, according to Mercom India Rooftop Solar Market Report Q2 2021.

According to the report, the rooftop solar installations increased by 517 per cent year-on-year (y-o-y) compared to the 85 MW installed in Q2 2020. Rooftop solar capacity additions in India in Q2 2021 (April-June) were the highest in a quarter.

As per the report, installations were significantly higher than the previous quarter despite the second wave of the COVID-19 and related state lockdowns. The report added that the lockdowns were very targeted, and the industry was well prepared this time around, which minimized the effect on installation activity.

“The rooftop solar segment had a strong quarter, and demand is up. Finalising the net-metering cap at 500 kilowatt (KW) has removed uncertainty for installers and paved the way for future growth,” said Raj Prabhu, CEO of Mercom Capital Group.

However, the haphazard rooftop solar policies across states and a lack of support from discoms was holding back the sector from bringing in new investment and creating jobs.

Further, the report said that in the first half (1H) of 2021 (January to June), 862 MW of rooftop solar capacity was added which is a 210 per cent increase compared to the same period of last year.

“Installations in 1H have already surpassed the total rooftop solar capacity installed in all of 2020 when the market was severely affected by COVID-19 lockdowns. If the market has no other adverse COVID-related events for the rest of the year, 2021 could be the second-largest year for rooftop solar after 2018,” the report said.

According to the report, at the end of Q2 2021, cumulative rooftop solar installations reached 6.1 gigawatts (GW). In Q2 2021, more than 130 MW of rooftop solar projects were tendered, a 69 per cent q-o-q decrease, but a 46 percent y-o-y increase, it stated. Major rooftop solar tenders issued this quarter came from Madhya Pradesh Urja Vikas Nigam, Jharkhand Bijli Vitran Nigam, Haryana Renewable Energy Development Agency, and West Bengal Renewable Energy Development Agency.

Leave a Reply

Your email address will not be published. Required fields are marked *