Market trends

Why are key players exiting the rooftop solar business? This is the second blog four-part blog series to assess and analyze the different routes via which C&I rooftop solar players are raising much-needed investments to further scale this sector and accelerate growth. In the first blog, we dived into equity investments to understand where do the majority of those investments come from and who are the key players. In this blog, we will look into another route through which investors…

Majority of equity investments in India’s rooftop solar segment are from foreign entities Accessible financing is a prerequisite to drive growth in the rooftop commercial and industrial (C&I) solar market in India. Presently, the C&I segment accounts for almost 75% of the total rooftop solar installations in India with annual additional installations of 1.3 gigawatts (GW) to 1.8GW in the last few years. In light of this, it becomes imperative to analyze how these players have been able to finance…

India added >10 GW of solar and wind capacity in the first nine months of 2021 From January 2021 till September 2021, approximately 8,811 MW solar capacity and 1,246 MW of wind capacity was added in India. This is about 280% and 101%, respectively, higher compared to the same period previous year. The key reason for the significant increase is the commissioning of delayed projects in this period that were supposed to get commissioned earlier but got delayed because of…

19 GW bids submitted for manufacturing of polysilicon, 32 GW for wafer and 54.8 GW for cells and modules under the PLI scheme The Government of India’s production-linked incentive (PLI) scheme – National Programme on High Efficiency Solar PV (Photovoltaic) Modules – for setting up of solar manufacturing units received an overwhelming response of 54.8 GW worth of bids for a scheme with total bid capacity of 10 GW. The bid submission which resulted over 4-fold over-subscription is a morale…