$ 1 billion battery stake, biogas-powered EV station, growing solar capacity and more

India added 456 megawatts of solar power on the roof in the quarter ended March, an increase of 34% over the year before and 13% consecutively. This is the second highest installed solar capacity for each quarter, according to date from Mercom Communications India – a clean energy consulting firm.

Most of the industrial segment switched to solar in January-March, followed by commercial and residential segments.

Solar installations on the roof represent 15% of the total solar installations. As of March, India’s total solar capacity was almost 7.6 gigawatts.

Gujarat, Maharashtra and Rajasthan saw the highest roof installations in the quarter ended in March.

But costs have also risen.

For each installed solar system on the roof during the quarter, a legal entity or individual paid 17% more during the year.

For example, if the solar tariff is 100 Rs this month, it will be Rs 121 years later, report from the Institute of Energy Economics and Financial Analysis and JMK Research.

This is due to rising prices for solar modules due to higher costs of basic raw materials, shortages and increased transport fees.

Solar tariffs, according to the report, will rise even more due to the increased imposition of a basic duty of 40% on imported solar modules and 25% on imported solar cells. Implementing the “approved list of models and manufacturers” would also lead to price pressures, it said.

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