India tops 2 GW of Q1 solar installs but 2021 will be challenging
Source: Mercom India Research.
India installed 2,056 MW of solar capacity in the first quarter of 2021, up by 37% quarter-on-quarter and 88% year-on-year, as developers finalised projects delayed last year.
Mercom India Research’s latest quarterly report shows large-scale installations reached 1,749 MW, up by 43% from the fourth quarter of 2020, and rooftop solar capacity additions grew by 8% to 307 MW.
In the first quarter, Rajasthan and Uttar Pradesh installed the most solar, followed by Gujarat and Andhra Pradesh. The top five states were responsible for 81% of all installations in the period.
Solar projects in India are now facing huge uncertainty because of the latest wave of the pandemic, rising module and other prices, and policy changes. Lockdowns in Rajasthan, Maharashtra, and Uttar Pradesh are seen to affect project schedules this year.
India’s large-scale solar project development pipeline has reached 53.6 GW and there were 24.1 GW of projects tendered and pending auction at the end of March, Mercom India Research says in the report: https://mercomindia.com/product/q1-2021-india-solar-market-update/