India: 1.4 GW of solar added in October-December period

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A new report by the CEEW Centre for Energy Finance reveals India’s grid-scale solar capacity addition during the third quarter of FY 2020-21 stood at 1125 MW. This is more than double the 529 MW grid-scale capacity added in the previous quarter.

Rooftop solar addition during the quarter was 289 MW. Overall, the nation added 1414 MW of solar from utility-scale and rooftop projects combined, compared to 928 MW installed in the previous quarter.

Nikhil Sharma, Associate, CEEW-CEF, said, “SECI needs to ensure power purchase assurance with discoms to attract bidders and provide an upside of the rapidly declining tariffs to discoms to regain momentum in the quarterly capacity auctioned.” On the discom payables front, there was only a 1% increase in overdues in Q3 FY21, compared to a 30% spike in Q1 FY21.