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Time of India
28-05-2025
- Business
- Time of India
India adds 1.2 GW rooftop solar capacity in Q1 2025, residential segment accounts for 78%
New Delhi: India added 1.2 GW of rooftop solar capacity in the January-March quarter of 2025, marking a 232 per cent increase over the 366.5 MW installed in the corresponding quarter of 2024, according to Mercom India Research. The installations in Q1 2025 were 6 per cent lower than the 1.3 GW added in Q4 2024. The capacity addition during the quarter was the second-highest ever for rooftop solar installations in the country. According to Mercom, the PM Surya Ghar: Muft Bijli Yojana contributed to more than 77 per cent of the installations in the quarter. However, the quarter fell short of a new record due to implementation bottlenecks in the programme, high system costs, and a shortage of Domestic Content Requirement (DCR) compliant modules. The residential segment accounted for nearly 78 per cent of rooftop installations in the quarter. The industrial, commercial and government segments accounted for 16 per cent, 6 per cent, and 0.4 per cent, respectively. Installations under the capital expenditure (CAPEX) model comprised over 91 per cent of the additions, while the operational expenditure (OPEX/RESCO) model accounted for 9 per cent. "Momentum in the residential solar segment has slowed due to implementation hurdles in the Surya Ghar program, persistent component shortages, and high system costs. Consumer expectations are not being met, whether it is cost, quality, or installation timelines. Addressing these issues is critical to unlocking the true potential of the residential solar market," said Raj Prabhu, CEO of Mercom Capital Group. Among states, Gujarat, Maharashtra and Uttar Pradesh led in rooftop solar capacity additions, accounting for over 16 per cent, 14 per cent, and 13 per cent, respectively. Tenders for rooftop solar totalling 494.2 MW were issued in Q1 2025, representing a decline of over 53 per cent quarter-on-quarter and 41 per cent year-on-year. Of this, 82 per cent of the tendered capacity was for government buildings, and 39 per cent of it fell under the PM Surya Ghar programme. At the end of Q1 2025, India's cumulative rooftop solar capacity stood at 14.9 GW. The rooftop segment accounted for over 18 per cent of the total solar installations in the quarter. Uttar Pradesh recorded the highest compounded quarterly growth rate between Q1 2024 and Q1 2025 at more than 15 per cent, followed by Madhya Pradesh and Kerala at 11 per cent and 9 per cent, respectively. The average cost of rooftop solar systems rose by about 1 per cent quarter-on-quarter and nearly 22 per cent year-on-year in Q1 2025. The Mercom report also includes analysis of net metering policies in all states and Union Territories.
Time of India
15-05-2025
- Business
- Time of India
SJVN begins commercial operations of 78.23 MW capacity at Bikaner solar project
State-owned Satluj Jal Vidyut Nigam(SJVN) on Thursday said SJVN Green Energy has begun commercial operations of 78.23 MW capacity at its Bikaner solar power project. The company had achieved the commercial operation date for 241.77 MW (Phase-1) of the power station on April 2, 2025, according to a statement. "...SJVN, through its wholly owned subsidiary SJVN Green Energy Limited (SGEL), has successfully achieved Commercial Operation Date (COD) of 78.23 MW capacity of 1000 MW Bikaner Solar Power Project today," the statement said. The project, with a total planned capacity of 1000 MW, is slated for full commissioning by the third quarter of 2025, the company said, adding that upon completion, SGEL will supply the generated solar power to Rajasthan, Jammu & Kashmir and Uttarakhand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invertir $200 en Amazon CFD podría devolverte un segundo salario Undo The project, located in Bikaner district of Rajasthan, is being developed under the Central Public Sector Undertaking (CPSU) Scheme - Phase II, Tranche III of the Ministry of New and Renewable Energy (MNRE), the statement added. It is being implemented under the Domestic Content Requirement (DCR) mode, thereby providing a significant impetus to the government's Make in India initiative and bolstering the indigenous solar manufacturing sector. Live Events The 1000 MW project is poised to make a substantial contribution to India's target of achieving 500 GW of non-fossil fuel capacity by 2030 and also aligns with SJVN's shared vision of becoming a 25,000 MW company by 2030 and 50,000 MW by 2040.
