Sources said REC will be made the nodal agency for the scheme to spread its reach across the country and plug the inefficiencies
The rooftop solar installations in India registered a 34.7 per cent year-on-year jump to 431 MW during July-September 2023, aided by a fall in module prices, Mercom India said. The rooftop solar installations were at 320 megawatt (MW) during the three-month period of 2022, the research firm said in a report. The rooftop solar capacity addition was also higher at 1.3 gigawatt (GW) in the first nine months of 2023, compared to 1.2 GW in January-September 2022. India's cumulative rooftop solar capacity reached 10.1 gigawatts (GW) at the end of September 30, 2023, the 'Q3 2023 Mercom India Rooftop Solar Report' said. "We are starting to see a surge in momentum in rooftop installations. The significant drop in module prices has reached a turning point, sparking increased procurement activities that offer attractive returns for rooftop solar investments. We foresee two very robust quarters coming up," said Raj Prabhu, CEO of Mercom Capital Group. The majority of installations were in th
Companies are on pace to install 4 gigawatts of panels on top of buildings in this financial year ending March 31, nearly doubling the previous record
Promoted by Eversource Capital, Ecofy aims to be a catalyst in accelerating the transition towards a net zero carbon world
Overall, only a third of India's residential rooftop solar capacity has been installed
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A streamlined policy could have helped save coal reserves, cut emissions & averted embarrassment of dealing with frequent power crises
Though expensive initially, rooftop solar installations usually pay for themselves in seven years max. Any power that they generate after that is free for the next 18 years
The current cumulative installed capacity is 33.7 MW which is intended to be increased to 40 MW in the next two years
India is aiming to install 100 Gw of solar power by 2022, of which 40 Gw is to come from solar rooftop
At the end of FY19, the overall installed rooftop solar capacity stood at 4,375 Mw, soaring 72 per cent over FY18
India plans to generate 175 GW of electricity from renewable energy sources by 2022 requiring an investment of nearly $100 bn