The Gurugram-headquartered distributed solar energy company has acquired Sterling and Wilson’s 7.2 MWp of on-site rooftop solar projects across seven Indian states.
Bridge To India’s latest report shows India installed a cumulative rooftop solar capacity of 6,792 MW as of December 31, 2020. Capital expenditure (capex) model, wherein consumers own the system, accounted for a majority of this capacity (72%).
Madhya Pradesh Urja Vikas Nigam Ltd has issued a tender to develop an aggregate 41 MW of grid-connected rooftop solar capacity in Madhya Pradesh. The RESCO mode capacity shall come upon the buildings of different government departments and private institutions. The ceiling tariff is fixed at INR 4/ kWh. Bidding closes on May 5.
The French developer’s Indian arm has commissioned part of its 675 kW AC rooftop solar PV plant at the Goa Institute of Management (GIM) campus in Goa.
The New Delhi-based developer has agreed to sell its 152 MW of solar rooftop portfolio for INR 536.5 crore (US$ 73.5 million) as it focuses on capital discipline and improving shareholder returns.
A new report says that combining rooftop solar with storage presents an enormous opportunity for India as the combination becomes economically viable soon. It highlights the best practices from Australia—a nation with the world’s highest rooftop solar capacity per person—to serve as a guide in planning for this integration.
Rooftop solar, at 3.9 GW, accounts for only around 10% of the cumulative grid-connected solar capacity installed by the nation as of February end this year.
The Chinese manufacturer commanded a 17% share of the total 3268 MW of rooftop PV inverter shipments in India in the January-December 2020 period.
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