Is India’s rooftop solar market taking off?

India Investment Journal May Edition, Flagship Scheme, REWIND 2017, India Investment Journal January Edition
by Akhilesh Magal
A relatively slow-moving solar market in India is showing some signs of promise.

The Solar Energy Corporation of India (SECI) has announced a 1,000 MW tender in order to allocate rooftop solar projects on government buildings across the country. This is the largest ever rooftop solar tender announced in India till date. Riding on the success of a previous 500 MW rooftop solar tender announced in April 2016, SECI has now doubled the allocation size. This is a welcome move in a market that has historically struggled to take off for a host of reasons. As per official statistics, the rooftop capacity in India stands at 382 MW. This includes only those projects that have been subsidised by the MNRE. The non-subsidised market appears to have crossed 1,000 MW.