Market trends

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…

Webinar Insights: “Residential Rooftop Solar Market Evolution in India” With a total installed capacity of about 4 GW, the Indian rooftop solar market have been driven by installations in the C&I segment, which account for about 75% of the total installations. However, with this segment becoming increasingly saturated, players are turning to other segments such as the residential customers which have been relatively untapped, for higher growth opportunities. With the intent to understand the ongoing as well as anticipated developments…