From January to September 2021, the import of solar cells and modules in India increased by 448%, reaching USD 1.97 billion. In the same period last year, India imported solar cells and modules worth $359.93 million.
From January to September, the country's export of solar cells and modules was USD 110.25 million, an increase of 45% compared with USD 76.13 million in the same period last year.
In the third quarter of 2021, India's solar energy imports amounted to USD 953 million, an increase of 580% compared with USD 140 million in the same period last year. Compared with the previous quarter's USD 762 million, it increased by about 25% from the previous quarter.
In the third quarter of 2021, solar energy exports increased by 25% to 21.2 million dollars from 16.9 million dollars in the third quarter of 2020. However, compared with $60.6 million in the second quarter, it decreased by 65%.
As the market recovers from the impact of the Covid-19 pandemic, import and export activities have increased. According to Mercom's solar energy market update in India in the second quarter of 2021, in the first half of 2021 (H1), India increased its installed solar energy capacity by 4.57 GW, an increase of 251% over the same period of last year, exceeding the installed amount in the whole year of 2020.