According to statistics from India, in the second quarter of 2021, new rooftop solar installations in India amounted to 521 MW Solar Homes, an increase of 53% month-on-month and an increase of 517% year-on-year, a record high.
Among them, Gujarat has made a significant contribution. A large number of residential rooftop solar projects have been put into use there, accounting for about 55% of the newly installed capacity. Followed by Maharashtra and Haryana.
In the first half of 2021, India added 862 megawatts of rooftop solar, an increase of 210% year-on-year. This is mainly due to the impact of the COVID-19 blockade on the industry in the first half of 2020. At present, the installed capacity in the first half of the year has exceeded the 719 MW rooftop solar capacity for the whole year of 2020.
In the second quarter of this year, despite the second wave of pandemic and blockade policies, the number of installations was still significantly higher than the previous quarter. This is mainly because the blockade is targeted and the industry is fully prepared, and installation activities have not been greatly affected.
As of the end of June 2021, India’s cumulative rooftop solar installations reached 6.1 GW. In the second quarter of 2021, more than 130 MW rooftop solar projects were tendered, down 69% month-on-month, but up 46% year-on-year. This quarter, Urja Vikas Nigam in Madhya Pradesh, Jharkhand Bijli Vitran Nigam, Haryana Renewable Energy Development Agency and West Bengal Renewable Energy Development Agency issued major rooftop solar tenders.
On the other hand, compared with the 38 million rupees/MW in the first quarter of 2021, the average cost of rooftop solar systems in the second quarter increased by 3% to 39.1 million rupees/MW. Due to the increase in component and other costs, system costs have been rising since the third quarter of 2020. Even with rising costs, consumers realize that solar energy is still cheaper than retail electricity prices.
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