India marked a 53% increase in quarter-over-quarter (QoQ) on solar roof installation in the second quarter (Q2) of 2021, the highest rate for the quarter, with 521 MW installed compared to 341 MW installed in -Q1 2021. In Q1 2021, solar installation on the roof increased by 8% compared to the 285 MW added in Q4 2020.
An important donation came from Gujarat, where a large number of rooftop residential projects were sent. Annual installation (YoY) increased by 517% compared to 85 MW in Q2 2020. In the first half (1H) of 2021, 862 MW was added to the solar rooftop segment, an increase of 210% compared to the same period last year. Installation at 1H had exceeded the total rooftop capacity installed by 2020 (719 MW) when the closure of COVID-19 consumed their industry.
2021 could be the second-best year on a solar roof after 2018 if the market does not have any other negative events related to COVID-19 or other events in the second half (2H). The report goes on to say that installation was much higher than last quarter despite a second wave of the epidemic and state locks. As the lock was intended, the factory was well prepared, and the installation work was not significantly affected.
According to the report, solar installation on the roof of the sun reached 6.1 GW by the end of Q2 2021.
In Q2 2021, more than 130 MW of solar roof projects were implemented, a decrease of QoQ of 69%, although an increase of 46% of YoY. Major rooftop solar tenders awarded to the Quarter by Madhya Pradesh Urja Vikas Nigam, Jharkhand Bijli Vitran Nigam, Haryana Renewable Energy Development Agency, and West Bengal Renewable Energy Development Agency.
Q2 2021 saw solar installation on the very roof of Gujarat, accounting for about 55% of the installed power. Maharashtra and Haryana collected the top three solar regions in Q2 2021.
The industry has seen an increase in demand from commercial and industrial consumers (C&I) even during the closure of the second wave of COVID-19. The first half of the year would have been much stronger had it not been for the uncertainty surrounding the complete meter regulations. With the current legal certainty, it is expected that services will be required, albeit, with minimal details, the report said.
According to the report, in Q2, the average cost of solar panels increased by 3% to .1 39.1 million / MW compared to 38 million / MW in Q1 2021. The cost of the project has been increasing since Q3 2020 due to rising costs led by modules and other components, accompanied by a shortage of raw materials. Solar modules still provide most of the cost of a solar roof. Although there are rising costs, consumers see that the sun is cheaper than the price of selling power.
There is a great deal of concern about rising costs compared to prices quoted under state auction grants. The failure or success of this installation will have a significant impact on the future of the residential section on the roof of the residential area, the report said.
Source: Mercom India