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In the third quarter of 2021, India added 448 MW of new rooftop solar capacity, down 14% sequentially and up 189%
year-on-year.
From January to September this year, India added a total of 1.
3 GW of rooftop solar, a year-on-year increase of 202%, a record high
.
By the end of September 2021, the installed rooftop solar capacity in India had reached 6.
7 GW
.
In the third quarter of this year, residential rooftop solar led growth for the second consecutive quarter, accounting for 54% of the total increase, with rooftop solar in the commercial/industrial and government categories falling 44% and 2%,
respectively.
In the third quarter of 2021, the top 10 states accounted for about 83%
of cumulative rooftop solar installations.
Gujarat saw the most roof installations in Q3 2021, followed by Maharashtra and Haryana
.
"The rooftop market is showing signs of recovery and returning to pre-COVID levels
.
However, rising module costs and material availability are severely impacting the market, restraining growth
.
Indian states continue to impose restrictions on rooftop solar, which poses challenges for new development," said Raj Prabhu
, CEO of Mercom Capital Group.
One of the reasons for the downward trend in rooftop solar installations in the third quarter of 2021 was the rising
module prices following the second wave of the Covid-19 pandemic.
Prices rose by 3.
84% in the first quarter of 2021, 3% in the second quarter and 2.
3%
in the third quarter.
India's rooftop solar installations grew 53% sequentially in Q2 2021, the highest of any quarter, with 521 MW installed, compared to 341 MW installed in Q1 2021
.
In the third quarter of 2021, India added 448 MW of new rooftop solar capacity, down 14% sequentially and up 189%
year-on-year.
From January to September this year, India added a total of 1.
3 GW of rooftop solar, a year-on-year increase of 202%, a record high
.
By the end of September 2021, the installed rooftop solar capacity in India had reached 6.
7 GW
.
In the third quarter of this year, residential rooftop solar led growth for the second consecutive quarter, accounting for 54% of the total increase, with rooftop solar in the commercial/industrial and government categories falling 44% and 2%,
respectively.
In the third quarter of 2021, the top 10 states accounted for about 83%
of cumulative rooftop solar installations.
Gujarat saw the most roof installations in Q3 2021, followed by Maharashtra and Haryana
.
"The rooftop market is showing signs of recovery and returning to pre-COVID levels
.
However, rising module costs and material availability are severely impacting the market, restraining growth
.
Indian states continue to impose restrictions on rooftop solar, which poses challenges for new development," said Raj Prabhu
, CEO of Mercom Capital Group.
One of the reasons for the downward trend in rooftop solar installations in the third quarter of 2021 was the rising
module prices following the second wave of the Covid-19 pandemic.
Prices rose by 3.
84% in the first quarter of 2021, 3% in the second quarter and 2.
3%
in the third quarter.
India's rooftop solar installations grew 53% sequentially in Q2 2021, the highest of any quarter, with 521 MW installed, compared to 341 MW installed in Q1 2021
.
