India installed 2,110 MW of solar power capacity in the second quarter of 2021, slightly up from 2,105 MW added in the first quarter (January-March period)—according to Bridge To India’s latest quarterly report, India Solar Compass Q2 2021.
Utility-solar capacity addition in Q2 remained steady quarter-on-quarter despite rising module prices and lockdowns across the country. It accounted for 84% (1,785 MW) of the new capacity addition. Rooftop solar contributed 10% (205 MW) and off-grid 6% (120 MW).
With this, the nation’s total installed solar capacity has reached 46,130 MW as of June 30, 2021, comprising 37,503 MW of utility-scale, 7,367 MW rooftop solar, and 1,260 MW off-grid.
The total utility-scale project pipeline – allocated to developers and at various stages of development – stands at 52,814 MW.
During the second quarter, prices for mono-PERC modules rose further to US cent 25.5/W. Total EPC cost for utility-scale projects rose to INR 32.69/W on the back of the firm module and balance-of-system costs.
Notwithstanding fears of the third wave of the pandemic, Bridge To India expects the pace of project construction to remain steady in the coming months. It estimates 2,130 MW capacity to be added in Q3 and 2,450 MW in Q4.
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