India's new solar power capacity fell by more than <>% in the second quarter

India installed only 1.
6 GW of solar capacity from April to June, compared to 3.
3 GW
in the first quarter.
Large photovoltaic installations accounted for 74%, amounting to 1.
2 GW, with the remaining 415 MW being rooftop solar capacity
.

India's new solar power capacity fell by more than 50% in the second quarter

According to Mercom India Research's Q2 2018 Indian Solar Market Update Report, as of the end of June, India's cumulative installed solar power capacity was 24.
6 GW, with 90% supplied by large-scale projects and the rest being rooftop solar
.

Overall, 4.
9 GW of PV capacity was installed in the first half of the year, and if commissioning in the last quarter goes ahead as planned, the total generation capacity in 2018 will reach almost 8.
3 GW
.

Due to the lack of a strong project pipeline, the decline in deployment capacity is mainly due to large projects
.
After reaching record low tariffs at the Bhadla auction in May 2017, bidding activity declined and government agencies subsequently expected other bids to fall to Rs 2.
44/kWh
.

Costs are still falling

Interestingly, PV project costs are falling
.
The average selling price (ASP) of modules in China decreased approximately 5% to $0.
33 in the second quarter of 2018 from $
0.
346 in the first quarter.
At the same time, the price of photovoltaic modules in India fell by 9%
year-on-year.

Project costs have also fallen
in the same way.
For the first time, the cost of large-scale projects fell below 40 crore/MW, and the cost of solar park projects was reduced by about 10%.

As more efficient single PERC modules gain traction, land requirements are reduced, increasing capital savings
.
Rooftop project costs also decreased quarter-over-quarter due to lower module prices and lower system costs
.

Suresh Prabhu, Minister of Trade Unions and Civil Aviation Unions of India, recently stressed the need for joint efforts to reduce the financial and technical costs
of large-scale solar production in India.
Many companies in Australia and Japan are keen to invest in India's solar sector
.

But Mercom India Research predicts solar additions will be flat next year, largely due to a lack of auctions and new guidelines
from the Ministry of New and Renewable Energy.
The guidelines allow 24 months for commissioning projects of 250 MW and above, and 21 months for commissioning smaller projects
.
The commissioning of large-scale PV projects exceeding 1 GW will take place from 2019 to 2020
.

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