“Rooftop solar capacity to touch 6.5 GW by 2020”
India’s rooftop solar capacity has touched 525 MW this year, according to Bridge to India. In a report, the firm said that over the past 12 months, solar capacity installation in the country was almost equal to the cumulative of what was added in the last three years. According to Bridge to India (BTI), India’s rooftop solar industry has grown 66% from last year despite the lack of specific rooftop initiatives, unlike the utility-scale solar segment. This growth is directly linked to improved project economics and is expected to continue accumulating up to 6.5 GW of installed capacity until 2020, it said.
Among the states, Tamil Nadu, Maharashtra and Gujarat lead in total installed capacity in that order. Tamil Nadu’s good performance, especially in the industrial segment, can be attributed to high consumer awareness, high industrial and commercial tariffs, and wide gap between energy demand and supply in the state. Installed capacity of solar power in India has crossed 5 GW, helped by new additions in 2015, said Bridge to India. India currently has a solar project pipeline of 15.7 GW under bidding-cum-development.