India records 53% increase in rooftop solar installations in Q2 FY21
POWER & RENEWABLE ENERGY

India records 53% increase in rooftop solar installations in Q2 FY21

In Q2 2021, India witnessed a 53 % quarter-over-quarter (QoQ) increase in rooftop solar installations, the highest for any quarter, with 521 MW installed compared to 341 MW in Q1 FY21.

Data on the India Rooftop Solar Market Report Q2 2021 was recently released by Mercom India Research. Rooftop solar installations increased by 8% in Q1 2021, compared to 285 MW in Q4 2020.

Gujarat made a significant contribution by commissioning a large number of residential rooftop solar projects.

Installations increased 517% year over year (YoY) from 85 MW in Q2 2020.

In the first half of 2021, 862 MW of rooftop solar was installed, up 210% from the same period the previous year.

When the Covid-19 lockdowns took their toll on the industry in 1H, installations had already surpassed the total rooftop solar capacity installed in 2020 (719 MW).

If no other adverse Covid-19-related or other events occur in the second half of 2021, it could be the second-best year for rooftop solar after 2018.

Despite the second wave of the pandemic and state lockdowns, the report claims that installations were significantly higher than the previous quarter.

The rooftop segment had a strong quarter, according to Raj Prabhu, CEO of Mercom Capital Group, and demand is up.

The net metering cap of 500 kW has been finalised, removing uncertainty for installers and paving the way for future expansion.

However, he claims that inconsistent rooftop policies across states, as well as a lack of support from distribution companies, are preventing the sector from realising its full potential to attract new investment, create jobs, and propel the clean energy economy forward.

By the end of Q2 2021, the total rooftop solar installations had reached 6.1 GW, as per the report.

More than 130 MW of rooftop solar projects were tendered in Q2 2021, a 69% decrease from the previous quarter but a 46% increase year over year.

Madhya Pradesh Urja Vikas Nigam, Jharkhand Bijli Vitran Nigam, Haryana Renewable Energy Development Agency, and West Bengal Renewable Energy Development Agency all issued major rooftop solar tenders this quarter.

Gujarat saw the most rooftop solar installations in Q2 2021, accounting for about 55% of the total capacity installed.

In Q2 2021, Maharashtra and Haryana completed the top three states for rooftop solar.

Image Source


Also read: Lucknow Smart City floats tender for 8.5 MW rooftop solar systems

In Q2 2021, India witnessed a 53 % quarter-over-quarter (QoQ) increase in rooftop solar installations, the highest for any quarter, with 521 MW installed compared to 341 MW in Q1 FY21. Data on the India Rooftop Solar Market Report Q2 2021 was recently released by Mercom India Research. Rooftop solar installations increased by 8% in Q1 2021, compared to 285 MW in Q4 2020. Gujarat made a significant contribution by commissioning a large number of residential rooftop solar projects. Installations increased 517% year over year (YoY) from 85 MW in Q2 2020. In the first half of 2021, 862 MW of rooftop solar was installed, up 210% from the same period the previous year. When the Covid-19 lockdowns took their toll on the industry in 1H, installations had already surpassed the total rooftop solar capacity installed in 2020 (719 MW). If no other adverse Covid-19-related or other events occur in the second half of 2021, it could be the second-best year for rooftop solar after 2018. Despite the second wave of the pandemic and state lockdowns, the report claims that installations were significantly higher than the previous quarter. The rooftop segment had a strong quarter, according to Raj Prabhu, CEO of Mercom Capital Group, and demand is up. The net metering cap of 500 kW has been finalised, removing uncertainty for installers and paving the way for future expansion. However, he claims that inconsistent rooftop policies across states, as well as a lack of support from distribution companies, are preventing the sector from realising its full potential to attract new investment, create jobs, and propel the clean energy economy forward. By the end of Q2 2021, the total rooftop solar installations had reached 6.1 GW, as per the report. More than 130 MW of rooftop solar projects were tendered in Q2 2021, a 69% decrease from the previous quarter but a 46% increase year over year. Madhya Pradesh Urja Vikas Nigam, Jharkhand Bijli Vitran Nigam, Haryana Renewable Energy Development Agency, and West Bengal Renewable Energy Development Agency all issued major rooftop solar tenders this quarter. Gujarat saw the most rooftop solar installations in Q2 2021, accounting for about 55% of the total capacity installed. In Q2 2021, Maharashtra and Haryana completed the top three states for rooftop solar. Image SourceAlso read: Lucknow Smart City floats tender for 8.5 MW rooftop solar systems

Next Story
Real Estate

Pune Records 11% Drop in Property Registrations in Nov

Property registrations in Pune saw a decline of 11 percent year-on-year in November, totaling 13,371 units, despite robust demand, according to a report by Knight Frank India. The real estate consultancy revealed that the total registrations in November 2024 generated a revenue of Rs 475 crore for the state. This marked a fall from last year's figure of 14,988 units in the same month. Compared to October 2024, when 20,894 units were registered, November’s figures represent a 36 percent decrease. Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated that Pune’s proper..

Next Story
Infrastructure Energy

Oriana Power Signs MoU with Rajasthan in Clean Energy

Oriana Power, a publicly-listed company on the NSE, announced on Monday that it has entered into a Memorandum of Understanding (MoU) with the Rajasthan government to invest Rs 10,000 crore in a series of clean energy projects. The projects will focus on solar energy, floating solar, green hydrogen, and energy storage solutions. The agreement was finalized in Jaipur during the recently concluded Rising Rajasthan Global Summit 2024. Oriana Power has identified six key locations in the state for these projects, including one in Bikaner, two in Churu, and three in Phalodi districts. Rupal Gupta, M..

Next Story
Infrastructure Energy

PM Surya Ghar Scheme Set to Surpass 10 Years of Solar Growth

The PM Surya Ghar Muft Bijli Yojana has achieved a remarkable milestone, surpassing 6.85 lakh solar installations within a year and poised to exceed a decade's worth of solar growth. The scheme, launched in February 2024, has already achieved 86 percent of the solar installations made in the last ten years. The 3-5 kW segment accounted for the majority of installations, at 77 percent, while 14 percent of installations were in the 5kW+ category. Gujarat led the charge with 2,86,545 installations, followed by Maharashtra with 1,26,344, Uttar Pradesh with 53,423, and Kerala. The scheme, which now..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000