According to statistics from the renewable energy ministry, India’s sleepy rooftop solar power sector has sprung into activity after many years of slumber, with more than 1,000 megawatt (MW) of rooftop solar capacity installed in the last six months alone. According to the most recent ministry statistics, 8,877 MW ofContinue Reading
ReNew Power, an Indian renewable energy firm, announced the sale of a 117MW/138MWp distributed rooftop solar portfolio to Fourth Partner Energy for a price of Rs 6.72 billion ($89.9 million). Fourth Partner is one of India’s premier rooftop solar energy firms. It is a beneficiary company of TPG and Norfund.Continue Reading
According to a recent research, the worldwide rooftop solar industry was worth $62.4 billion in 2019 and is expected to increase at a compound annual growth rate (CAGR) of 6.9 percent from 2020 to 2025. The advantages of rooftop solar are immeasurable. With PV costs competitive with grid rates, climateContinue Reading
Azure Power Global has announced that it had signed a binding agreement to sell its non-core rooftop solar portfolio to Radiance Renewables for ₹5.36 billion (~$73.5 million). A 100% subsidiary of the Green Growth Equity Fund (GGEF), India’s leading Climate fund managed by EverSource Capital, Radiance offers competitive renewable energyContinue Reading
The World Bank will offer $648 million in funding assistance for the installation of rooftop solar power projects in the small and medium scale company segment. This package includes a credit guarantee scheme worth $100 million for rooftop solar installations. The assistance will be delivered through the State Bank ofContinue Reading
Annual installation of residential rooftop solar has declined from 199 MW in FY 2017 to 93 MW in FY 2020 despite attractive subsidy and falling equipment cost. However the increased power consumption in the residential segment, highly affordable and financially attractive schemes, falling prices. low EPC cost, remote site surveysContinue Reading
GoodWe has been recognized as the No.1 Rooftop Solar Inverter supplier in India with a 17% market share. The results were confirmed by JMK Research & Analytics. GoodWe started its inverter business in India in 2015. After years of continuous research and strategic deployment, they now boast of the industry’sContinue Reading
Despite Kerala’s solar innovations – from the world’s first solar airport to India’s largest floating solar power plant – the state has lagged behind much of the country in wider uptake of the renewable energy source. Kerala sits in the middle of a ranking of India’s 28 states in termsContinue Reading
