Rooftop solar expected to add 475-MW capacity in Q1 2021: Report
The rooftop solar market is expected to pick up pace in the first quarter (Q1) of 2021 and is estimated to add 475 megawatt (MW) capacity in this period, according to a recent report by renewable energy consultancy firm Bridge to India.
“We expect 2,040 MW and 2,340 MW of solar capacity to be added in the next two quarters, as construction progress gathers pace. Rooftop solar market is also expected to pick up pace in Q1 2021 with expected capacity addition of 475 MW,” said the report titled ‘India Solar Compass Q4 2020’.
It added that Coronavirus-induced hardships persisted in Q4 2020 and had pulled down the installation numbers.
“Capacity addition in 2020 was at a five-year low… 1,298 MW of new capacity was added in the quarter, marginally below our estimate. Total installed capacity and project pipeline touched 41,689 MW and 46,175 MW, respectively by 31 December 2020,” the report said.
According to the report, project commissioning of solar projects was up 55 per cent quarter-on-quarter (q-o-q) but increase in the execution cost had slowed down the progress. Whereas, actual capacity addition of 998 MW was marginally below estimates.
