India has installed a cumulative rooftop solar capacity of 10,221 MW as of June 30, 2022, with 2,520 MW added during the twelve months ending June 30, 2022. The cumulative installed capacity includes 2,726 MW of commercial, 5,542 MW of industrial, and 1,952 MW of residential PV, according to Bridge To India‘s Solar Rooftop Map 2022 June.
The capital expenditure (Capex) model, wherein consumers own the system, accounts for 7,628 MW of the cumulative installations. The balance of installations (2,593 MW) is in Opex (operating expenditure) mode, wherein a third-party company (developer/RESCO) owns, installs, and operates the system at consumer premises.
In the July 2021-June 2022 period, the nation added 2,520 MW of rooftop solar–44% up from 1,748 MW installed in the corresponding twelve months ending June 30, 2021.
Residential installations have grown faster than installations in other segments in the last two years.
In the July 2021-June 2022 period, the residential segment added 660 MW of rooftop solar capacity—a 35% increase year-on-year.
The share of opex-mode installations in the annual installations dropped further from 20% in the previous year to 16% (397 MW of 2,520 MW).
Among players, Mumbai’s Tata Power led in EPC installations with 15.7% of the 2,520 MW market. Hyderabad-based Fourth Partner Energy ranked second with a 3.2% market share. Orb Energy (1.9%) installed the third most capacity.
Amplus Solar claimed 22% of the 397 MW Opex (developer-mode) market. Fourth Partner Energy (18.6%) and Tata Power (16.9%) followed next.
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