Daily News Wrap-Up: Residential Rooftop Solar Gains Momentum
Top Global Large-Scale Solar Developers
December 11, 2023
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In major Indian cities, residential buildings and housing complexes are adopting rooftop solar solutions and transitioning towards clean energy. This transition is primarily driven by the enticing potential for cost savings and incentives. In the first nine months of 2023, India witnessed a notable surge in rooftop solar installations, with a total capacity exceeding 1.3 GW, marking a 12% year-over-year (YoY). The third quarter alone saw the addition of 431 MW, indicating a significant 34.7% YoY growth. Notably, the residential segment dominated with 43% of the total installations in the quarter, as highlighted in Mercom India Research’s Q3 2023 Mercom India Rooftop Solar Market Report.