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Spurred by the growing demand from the government, commercial and industrial sectors, the development of the rooftop solar industry in India continues to grow
.
However, the current share of rooftop solar installations is relatively low at 12%.
As of the end of December 2018, India's cumulative rooftop solar installations totaled 3.
2 GW, with nearly 1.
6 GW of capacity
installed throughout the year.
India's top 10 rooftop solar installers accounted for about 30% of installed capacity in 2018, a market dominated by small and local installers
.
According to the latest data released by Mercom Capital India, CleanMax led the Indian rooftop solar market in 2018, with a growth rate of 170%
compared to 2017.
Fourth Partner came in second with a year-over-year growth rate of 193%.
Tata Power was in third place in 2018 with a year-on-year growth rate of 33%.
While the companies that topped the list in 2018 were the same as in 2017, there were several surprises
.
In 2018, two leading large-scale project developers also made the list
of the top 10 roof installers.
With the large-scale solar market facing some challenges, developers are making inroads into the rooftop market, especially in the commercial and industrial sectors
.
At the end of 2018, the top 10 installers accounted for one-third
of all cumulative rooftop installations in India.
In terms of cumulative installations to date, Tata Power remains the top rooftop installer, followed by CleanMax and Fourth Partner Energy
.
Roof installations in the first quarter of 2019 decreased 33% year-over-year, with capacity additions of approximately 260 MW in the first quarter of 2019, compared to 390 MW
in the first quarter of 2018.
This is largely due to ongoing elections, which makes it difficult to get approval
.
Most rooftop installations are mainly located in the government, commercial and industrial sectors, accounting for 85%
of total rooftop installed capacity in the first quarter of 2019.
Rooftop solar has great growth potential and investment opportunities, but requires better policy and financing options
.
Over the past few quarters, lending has become challenging, leading to slower
growth.
Net metering remains the biggest drag
on the rooftop market.
More and more states are developing net metering policies for rooftop solar to stimulate rooftop solar growth, and according to Mercom's quarterly report, the Indian solar rooftop market is expected to accelerate again
in the second half of 2019.
Spurred by the growing demand from the government, commercial and industrial sectors, the development of the rooftop solar industry in India continues to grow
.
However, the current share of rooftop solar installations is relatively low at 12%.
As of the end of December 2018, India's cumulative rooftop solar installations totaled 3.
2 GW, with nearly 1.
6 GW of capacity
installed throughout the year.
India's top 10 rooftop solar installers accounted for about 30% of installed capacity in 2018, a market dominated by small and local installers
.
According to the latest data released by Mercom Capital India, CleanMax led the Indian rooftop solar market in 2018, with a growth rate of 170%
compared to 2017.
Fourth Partner came in second with a year-over-year growth rate of 193%.
Tata Power was in third place in 2018 with a year-on-year growth rate of 33%.
While the companies that topped the list in 2018 were the same as in 2017, there were several surprises
.
In 2018, two leading large-scale project developers also made the list
of the top 10 roof installers.
With the large-scale solar market facing some challenges, developers are making inroads into the rooftop market, especially in the commercial and industrial sectors
.
At the end of 2018, the top 10 installers accounted for one-third
of all cumulative rooftop installations in India.
In terms of cumulative installations to date, Tata Power remains the top rooftop installer, followed by CleanMax and Fourth Partner Energy
.
Roof installations in the first quarter of 2019 decreased 33% year-over-year, with capacity additions of approximately 260 MW in the first quarter of 2019, compared to 390 MW
in the first quarter of 2018.
This is largely due to ongoing elections, which makes it difficult to get approval
.
Most rooftop installations are mainly located in the government, commercial and industrial sectors, accounting for 85%
of total rooftop installed capacity in the first quarter of 2019.
Rooftop solar has great growth potential and investment opportunities, but requires better policy and financing options
.
Over the past few quarters, lending has become challenging, leading to slower
growth.
Net metering remains the biggest drag
on the rooftop market.
More and more states are developing net metering policies for rooftop solar to stimulate rooftop solar growth, and according to Mercom's quarterly report, the Indian solar rooftop market is expected to accelerate again
in the second half of 2019.
