Daily News Wrap-Up: India Adds 1.6 GW of Rooftop Solar in 2022
NSE Launches India’s first sovereign green bond indices
March 2, 2023
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India added 1.6 GW of rooftop solar capacity in the calendar year 2022, nearly a 4% decline year-over-year (YoY), compared to 1.7 GW in 2021, according to Mercom India Research’s newly released 2022 Q4 & Annual Mercom India Rooftop Solar Market Report. The industrial sector accounted for approximately 42% of all installations during the year. Residential, commercial, and government sectors made up 32%, 25%, and 1% of installations, respectively. In the fourth quarter of 2022, India’s rooftop solar installations increased by almost 51% quarter-over-quarter, adding 483 MW compared to 320 MW. This represents a YoY growth of 20%.