29 Nov '16, 1am

Government to become a key demand driver for rooftop solar market in India

Government to become a key demand driver for rooftop solar market in India

Jyoti Gulia, senior manager, market intelligence, at Bridge to India. Credit: Linkedin The rooftop solar market in India has grown at a CAGR of 98% in the last four years. As of 30 September 2016, total installed capacity stands at 1,020MW. Growth in this market is being primarily driven by improvement in price competitiveness of rooftop solar power vis-à-vis grid power. Commercial and industrial (C&I) segment currently makes up for almost 63% of this market. The remaining 25% goes to residential and around 12% to government buildings. C&I segment has grown at a compounded annual growth rate (CAGR) of 103% in last four years. As viability improves, Brifge to India expects this segment to almost double by 2017 and then continue its expansion to achieve a CAGR of 51% until 2022 (see 'India Solar Rooftop Map 2016 '). Beyond the C&I segment, there is also a strong impetus on i...

Full article: http://www.pv-tech.org/guest-blog/government-to-become-a-...

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