India installed 521 MW of rooftop solar capacity in Q2 2021
Post date: 27/09/2021 - 12:40
India installed 521 MW of rooftop solar capacity in Q2 2021 compared to 341 MW installed in Q1 2021 and 85 MW in Q2 2020. This is an increase of 517 percent yoy and 53 percent quarter-over-quarter - the highest for any quarter, according to figures which were revealed in Mercom India Research’s latest »India Rooftop Solar Market Report Q2 2021.« In Q1 2021, rooftop solar installations had increased 8 percent compared to 285 MW added in Q4 2020.
In the first half of 2021, 862 MW of rooftop solar capacity was added, a 210 percent increase compared to the same period last year. Installations had already surpassed the total rooftop solar capacity installed in 2020 (719 MW).
»The rooftop segment had a strong quarter, and demand is up. Finalizing the net metering cap at 500 kW has removed uncertainty for installers and paved the way for future growth,« said Raj Prabhu, CEO of Mercom Capital Group. »However, haphazard rooftop policies across states and a lack of support from distribution companies are holding back the sector from realizing its true potential to bring in new investment, create jobs and drive the clean energy economy forward.«
According to the report, cumulative rooftop solar installations reached 6.1 GW by the end of Q2 2021. Q2 2021 saw most rooftop solar installations in Gujarat, accounting for about 55 percent of the installed capacity. Maharashtra and Haryana rounded off the top three states for rooftop solar in Q2 2021, says the consultancy. The top 10 states accounted for approximately 83 percent of the cumulative installations.
Overall, in Q2 2021 India added 2,488 MW of solar capacity, an increase of 19 percent quarter-over-quarter compared to 2,090 MW installed in Q1 2021.