Why India's rooftop solar energy sector is booming

In the previous video, M Ramesh discusses the remarkable resurgence of the biomass industry. Today, we turn our focus to another exciting segment – rooftop solar.

For years, rooftop solar in India struggled to gain traction, but now it's on the fast track to success. Join us in exploring the incredible transformation in this booming industry.

Around 2015, India set an ambitious target of achieving 40 GW of rooftop solar by 2022.

By 2019, only 1.9 GW had been achieved, and then the pandemic hit, halting progress.

But since then, rooftop solar has experienced a remarkable turnaround. From March 2021 to March 2023, India added 4.4 GW, surpassing the previous four years' performance. In 2023-24 alone, India is set to add another 4 GW, signalling a bright future for rooftop solar.

So, what's behind this resurgence? Multiple factors are converging, including the saturation of credit-worthy commercial and industrial customers, increased confidence from financiers, and a growing interest from the MSME sector. States are also shifting from "net metering" to "net billing," making it more attractive for individuals and businesses to adopt rooftop solar.

The OPEX model, where solar companies set up rooftop plants and sell power directly, is making solar energy more accessible, with prices ranging from Rs 4 to Rs 5 per unit.

While challenges like the Approved List of Models and Manufacturers and unfriendly state policies exists, rooftop solar in India is on an upward trajectory.

Credits
Host&Script: M Ramesh.
Producers: V Nivedita; Siddharth MC.

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[moko]

I feel all the highways should be covered with solar modules which will generate large amounts of electricity and also help keeping the roads cool

[madhugj]

Adani green energy and Waare renewables are great company to invest in.

[pavanchaturvedi]

IREDA will be a game-changer in the transition to green energy of Indian economy

[moko]

I like your crisp and clear presentation

[vedant]

Thank you so much! 🙏 PLEASE can you make a video on peer to peer trading of electricity through solar?

[r.ssumedh]

Amazing video. Keep bringing this man back!

[Alpha-Cheeno]

Thank you for the overview of this market

[BBIc]

All people must have it for eco power and atmanirbhar on energy .

[KGopidas]

To svoid financiers hesitancy, adopt feed in tariffs? Yill cost id recovered?
After all sll capitdl investments sare recovered through depreciation?

[Mohanpadavala]

I don't understand why the rooftop segment is growing by shifting the policy from Net metering to Net Billing. The ROI for the Net-Billing system takes 5 times more than the Net Metering system. Then What is the reason behind growing demand instead of falling ? Can anyone elaborate logic behind it?

[satishprasad]

Rooftop solar energy potency in India ?

[nio]

Every parking lot should have solar power.

[KGopidas]

Ehy not each mp or mla undetake🎉 installation in thrur respective cconstituencies, say gadkari in nagpur, chaiwala in baroda smriti irani in amethi?

[KGopidas]

Transfitmation is a natter ofbpoliyicsl eill, that wad missing?

[shashankdudhe]

Companies are not static, residents are. Better to incentivise residents than incentivise the commercial sector.
And why not more Nuclear Powerplants, what changed suddenly ?
Is it something to do with the Coalgate scam ?
Again it comes back to taxes i.e GST or VAT, which one is better ?
Scale of Business can be answer to GST, but
GST + Scale of Business = VAT

Back to square one.

[KGopidas]

There is sn urgent need for model policies gir strayifief jousing like flats and rented houses? If i could sfford sn rlrogsnt, i could resadily safford a dtaff yo tend yo thr animal?