Month in a Minute: Top Headlines from the Indian Renewable Sector in May 2024
India’s Q1 2024 rooftop solar installations drop to 367 MW, down 24% YoY
June 6, 2024
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India installed 367 MW of rooftop solar capacity in the first quarter (Q1) of 2024. This accounts for a 10% quarter-over-quarter (QoQ) decrease from 406 MW and a 24% year-over-year (YoY) drop from 485 MW, according to Mercom India’s newly released Q1 2024 India Rooftop Solar Market Report. Capacity additions for the quarter declined because many residential consumers postponed their installations, anticipating the benefits of the PM Suryaghar.