JMK Research

Punjab-based ST Cottex India is getting a 5 MWp rooftop solar plant installed at its yarn manufacturing unit in Ludhiana. Mumbai-based EPC solutions provider Roofsol Energy is doing the ‘OPEX’ mode installation.

A new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA) says India is likely to miss its ‘100GW by 2022’ solar target by about 27GW, mainly due to the underwhelming growth of rooftop solar. While utility-scale solar is on track to achieve nearly 97% of the 60GW installed capacity targeted by 2022, rooftop solar will be 25GW short of the 40GW mark.

A new report by JMK Research and IEEFA says Indian solar manufacturers need to create a strong foundation for sustainable development overall by integrating raw materials and impetus to R&D in their plans, rather than focusing solely on output.

A report has stated the renewable-plus-fossil fuel model is the best short term option to meet the assured supply conditions in the Solar Energy Corporation of India’s round-the-clock power tenders. Further out, as the cost of batteries decline, that technology is likely to become the most viable option for providing critical, non-intermittent power.

The International Energy Agency predicts that India will record the world’s fastest growth in energy consumption from buildings through 2040. The energy demand could create a big market for solar installers and equipment providers, particularly in the commercial and industrial sector. While building codes now include provisions for renewable energy integration, effective implementation will be key to ensuring compliance.

Rooftop solar growth in India has so far largely been driven by a few large creditworthy organizations in the commercial and industrial sector. However, if accessible financing options are made available, growth can also be replicated in micro, small and medium-sized enterprises (MSMEs) as well, says a new report.

According to a new report, India’s commercial and industrial sector will increase its rooftop solar deployments by 47% year-on-year, with bifacials and large-size high-wattage modules offering cost-effective support for reducing electricity costs.

The government’s renewed efforts to curb solar equipment imports and upscale domestic manufacturing have started bearing fruits. The launch of the production-linked incentive (PLI) Scheme and the imposition of a basic customs duty (BCD) on imports have favored domestic capacity expansion.  

During the fiscal year 2020-21, India installed utility-scale solar projects amounting to 3.5 GW, about 39% less year-on-year.

India added 4.6 GW of solar in the January-December period of the year 2020. Chinese manufacturers maintained the lead in module and inverter shipments. Longi Solar captured the lion’s share of module sales. Sungrow led the inverter supplies for utility-scale installations and Goodwe for rooftops.