Solar rooftop installation makes record

Source: The Hitavada      Date: 10 Dec 2018 09:07:36


 

Business Bureau,

India witnessed record installation of 1,538 MW of solar rooftop in the year ended September 30, taking total capacity in category to 3,399 MW, according to a report.  “There was record installation of 1,538 MW (rooftop solar) in last 12 months (up 75 pc year-on-year) ended September 2018. Total rooftop solar capacity reached 3,399 MW on September 30, 2018,” said the report by consulting firm Bridge to India.


It said rooftop solar capacity is expected to touch 15.3 GW by March 2022 in a status quo scenario. This is about 38 per cent of the Government’s 40 GW target.  According to the report, commercial and industrial installation consumer segment dominates the market with 70 per cent share, while residential segment continues to lag with just 9 per cent.


The study also highlighted that Maharashtra (473 MW), Tamil Nadu (312 MW), Karnataka (272 MW), Rajasthan (270 MW) and Uttar Pradesh (223 MW) are the top five states accounting for 54 per cent share of the total market. It said the CAPEX market (where entire rooftop is owned by rooftop owners) is even getting more fragmented.