Bridge To India lowers Q2 solar outlook by 43% due to Covid


The second wave of Covid-19 is expected to hit solar addition during the second quarter of 2021 considerably, according to Bridge To India. In its latest quarterly report, India Solar Compass Q1 2021, the analyst projects India to add 1,350 MW of utility-scale solar in the April-May-June period of 2021, 43% less than its previous estimate 2,350 MW. 

The installation will likely recover in Q3, with capacity addition expected at 2,470 MW, it said.

According to the report, India added 2,105 MW of grid-connected solar power generation capacity in Q1 2021, about 33% up from the previous quarter.

New capacity addition included 1,735 MW utility-scale solar and 370 MW rooftop. With this, India reached a total installed PV capacity of 44,241 MW as of March 31, 2021. This includes 35,939 MW utility-scale, 7,162 MW rooftop and 1,140 MW off-grid solar. 

Total PV project capacity in pipeline stood at 52,392 MW as on March 31, 2021.

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