+
India's rooftop solar capacity grows to 9.6 GW by June 2023, Mercom
POWER & RENEWABLE ENERGY

India's rooftop solar capacity grows to 9.6 GW by June 2023, Mercom

According to a report from Mercom India, rooftop solar installations in the country expanded by 3.2 % to reach 872 megawatts (MW) during the January-June period of 2023. In the first half of 2022, India had installed 845 MW of rooftop solar capacity, as reported by the same research firm.

The cumulative rooftop solar capacity in India reached 9.6 gigawatts (GW) by the end of June 2023, as stated in the 'Mercom India Rooftop Solar Market Report.'

In the second quarter of 2023, there was an addition of 387 MW of rooftop solar capacity, representing a 20 % increase compared to the January-March 2023 period. However, this figure showed a marginal decrease of 0.5 % when compared to April-June 2022.

Raj Prabhu, CEO of Mercom Capital Group, commented on the performance of rooftop solar in the first half of the year, stating that it fell short of expectations despite decreasing component prices and growing demand. He anticipated a more robust second half of the year as installers, seeking better margins, would accelerate installations to meet the increasing demand.

The capacity additions in rooftop solar were distributed among various consumer segments, with residential consumers contributing 54%, industrial consumers 25%, and commercial consumers 21%. The industrial sector saw significant installations in areas such as pharmaceuticals, chemicals, fast-moving consumer goods (FMCG), automobile, and auto components.

The top states in terms of cumulative rooftop solar installations were Gujarat, followed by Maharashtra and Rajasthan.

According to a report from Mercom India, rooftop solar installations in the country expanded by 3.2 % to reach 872 megawatts (MW) during the January-June period of 2023. In the first half of 2022, India had installed 845 MW of rooftop solar capacity, as reported by the same research firm.The cumulative rooftop solar capacity in India reached 9.6 gigawatts (GW) by the end of June 2023, as stated in the 'Mercom India Rooftop Solar Market Report.'In the second quarter of 2023, there was an addition of 387 MW of rooftop solar capacity, representing a 20 % increase compared to the January-March 2023 period. However, this figure showed a marginal decrease of 0.5 % when compared to April-June 2022.Raj Prabhu, CEO of Mercom Capital Group, commented on the performance of rooftop solar in the first half of the year, stating that it fell short of expectations despite decreasing component prices and growing demand. He anticipated a more robust second half of the year as installers, seeking better margins, would accelerate installations to meet the increasing demand.The capacity additions in rooftop solar were distributed among various consumer segments, with residential consumers contributing 54%, industrial consumers 25%, and commercial consumers 21%. The industrial sector saw significant installations in areas such as pharmaceuticals, chemicals, fast-moving consumer goods (FMCG), automobile, and auto components.The top states in terms of cumulative rooftop solar installations were Gujarat, followed by Maharashtra and Rajasthan.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?