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India's solar module imports soared by 448% from January to September

Release date:2022-01-05 Source:Raytech Pageviews:-
From January to September 2021, India's imports of solar cells and modules increased by 448% to US $1.97 billion. In the same period last year, India imported $359.93 million worth of solar cells and modules.



From January to September, the country's export of solar cells and modules was US $102.5 million, an increase of 45% compared with us $76.13 million in the same period last year.



In the third quarter of 2021, India's solar energy import was US $953 million, an increase of 580% compared with us $140 million in the same period last year. Compared with us $762 million in the previous quarter, it increased by about 25% month on month.



In the third quarter of 2021, solar energy exports increased by 25% to US $21.2 million from US $16.9 million in the third quarter of 2020. However, compared with us $60.6 million in the second quarter, it decreased by 65% month on month.



Import and export activity increased as the market recovered from the impact of the covid-19 pandemic. According to mercom's update of India's solar energy market in the second quarter of 2021, in the first half of 2021 (H1), India increased its solar energy installed capacity by 4.57 GW, an increase of 251% over the same period last year, exceeding the annual installed capacity in 2020.

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