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
