Rooftop solar installations rise to 1.7 GW in 2023
POWER & RENEWABLE ENERGY

Rooftop solar installations rise to 1.7 GW in 2023

Rooftop solar capacity addition saw a 6.25 per cent growth to 1.7 GW in 2023, supported by various factors like reduced installation cost, according to Mercom Capital. The rooftop capacity addition was at 1.6 GW in 2022, the US-based research firm said in its latest report.

In October-December 2023, 406 megawatts (MW) of rooftop solar was added, down 15.9 per cent from 483 MW in the last quarter of 2022, the 'Mercom India Rooftop Solar Market Report' said. Cumulative rooftop solar installations reached 10.5 GW at the end of December 2023. Residential installations were the primary driver of capacity additions in 2023.

However, growth was marginal as many commercial and industrial (C&I) consumers waited for module prices to stabilise to lower their capital investments.

The residential segment accounted for over half of the capacity additions in 2023, followed by C&I segments.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Rooftop solar capacity addition saw a 6.25 per cent growth to 1.7 GW in 2023, supported by various factors like reduced installation cost, according to Mercom Capital. The rooftop capacity addition was at 1.6 GW in 2022, the US-based research firm said in its latest report. In October-December 2023, 406 megawatts (MW) of rooftop solar was added, down 15.9 per cent from 483 MW in the last quarter of 2022, the 'Mercom India Rooftop Solar Market Report' said. Cumulative rooftop solar installations reached 10.5 GW at the end of December 2023. Residential installations were the primary driver of capacity additions in 2023. However, growth was marginal as many commercial and industrial (C&I) consumers waited for module prices to stabilise to lower their capital investments. The residential segment accounted for over half of the capacity additions in 2023, followed by C&I segments.

Next Story
Infrastructure Urban

India Unveils Ambitious EV Charging Framework

On September 17, 2024, the Indian government introduced a comprehensive plan to boost electric vehicle (EV) adoption by expanding charging infrastructure nationwide. The guidelines target urban areas with a dense network of EV charging stations every square kilometer by 2030. Fast-charging stations will be installed every 100 kilometers on major highways and expressways, promoting long-range EV use. Sustainability is a key focus, with the new framework encouraging solar energy integration into charging stations and offering lower electricity rates during peak solar hours. To further drive grow..

Next Story
Infrastructure Transport

Madurai-Sivaganga Road Expansion Faces Delays

The expansion of the Madurai-Sivaganga Road into a four-lane highway, part of the ?150 crore Melamadai Grade Separator project, is delayed due to ongoing land acquisition issues. The state highways department has issued notices to 60 landowners, asking them to finalize compensation within one month. The project covers a 2-km stretch from Anna Bus Stand to Aavin Junction, including key junctions like Collector's Office and Melamadai. The road will be widened from 7-11 meters to a standard 19 meters, incorporating a center median and stormwater drains to improve traffic flow in this busy corrido..

Next Story
Real Estate

NCLT Orders Response to Supertech Homebuyers

The National Company Law Tribunal (NCLT) has directed Interim Resolution Professional (IRP) Hitesh Goel to respond to applications filed by representatives of over 26,000 homebuyers of Supertech Ltd. These homebuyers, represented by authorized representatives and association post holders, seek protection of their rights across eleven Supertech projects, including North Eye, Ecociti, Cape Town, and Ecovillage in Noida and Greater Noida, as well as projects in Gurugram and Bengaluru. The homebuyers are supporting the National Buildings Construction Corporation (NBCC) to take over the projects, p..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000