New Delhi: Rooftop solar capacity installations in India fell by 29 percent to 320 megawatt (MW) in July-September 2022, according to Mercom Research India. The country added 448 MW rooftop solar capacity in the same quarter a year ago, the research firm said in a report on Thursday. During January-September, the installations at 1,165 MW were also down by 11 percent compared to 1,310 MW in the corresponding nine-month period of the last year, the report titled ‘Mercom India Rooftop Solar Market Report Q3 2022’ said. In the third quarter of 2022, 46 percent of rooftop solar capacity was installed in the industrial sector, followed by 32 percent in residential, 21 percent in commercial sector and the remaining in the government sector, stated the Mercom report. According to the report, at the end of Q3 2022, cumulative rooftop solar installations reached 8.3 GW.
“We are seeing rooftop solar installations trending down as costs have risen. The market is struggling with supply issues because of the approved list of module and manufacturers and installers are finding it a tough environment to operate in overall,” said Raj Prabhu, CEO of Mercom Capital Group.
Tendering process increased by 46% y-o-y: Mercom report
“The tendering process increased by 46 percent year-on-year to around 311 MW of rooftop solar projects in July-September 2022, of which 33 percent were announced by the Uttar Pradesh New and Renewable Energy Development Agency, 16 percent by Solar Energy Corporation of India (SECI) and 51 percent by other state agencies,” said the report.
The report said that Gujarat became the leading state with the highest rooftop solar installations, followed by Maharashtra and Rajasthan. “The top 10 states accounted for approximately 73 percent of cumulative rooftop solar installations,” it added.
Mercom Research India said that it is organising an industry meet for commercial and industrial consumers on December 9 in Noida, Uttar Pradesh, to create awareness about solar energy adoption.
(With PTI inputs)
(PSU Watch– India’s Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)