“India added 2,056 megawatts (MW) of solar in the first quarter (Q1) of 2021, a 37% increase quarter-over-quarter (QoQ), compared to 1,505 MW installed in Q4 2020. Solar installations were up by 88% year-over-year (YoY) compared to 1,090 MW added in Q1 2020.” Market update report from Mercom India stated.
From the continuous disruption in the commissioning of Large-scale projects India still managed to achieve the big number. However, in this quarter most of the large projects were spilled out of previous quarters in which the commissioning was on hold due to pandemic.
According to the report, solar installations improved considerably in Q1 2021, with developers completing their delayed projects from last year. Commercial and industrial businesses were rapidly installing rooftop solar, taking advantage of cost savings during challenging market conditions.
Cumulative solar installations reached 41 GW (gigawatt) at the end of March. Of this, 35.5 GW were from large-scale projects, and 5.4 GW were from rooftop solar installations. India’s large-scale solar project development pipeline stands at 53.6 GW along with 24.1 GW of projects tendered and pending auction, according to this report.
Source: Mercom India