Prime Minister Modi had founded the Prime Minister Surya Ghar Yojana to give a new direction to the green energy mission. Which was getting good response at first. Now a report from Mercom Capital has been published in which a big revelation is made. The installation rate of rooftop solar power plants in India has declined 26 per cent year-on-year to 367 MW in the March quarter. The report says that due to the rising cost of installing rooftop solar plants, the pace of installation has decreased.
What does the report say?
According to the report released on Thursday by the research firm, 485 MW of solar power capacity was installed in this segment in the country during the first quarter of last year. According to Mercom’s report on Rooftop Solar Plant Market in India in Q1, 367 MW of solar plants were installed in India in the March quarter. This is a decrease of around 10 percent compared to 406 MW in the October-December 2023 quarter and is 24 percent less than 485 MW in the same quarter last year.
This problem comes in the government scheme.
The cumulative installed rooftop solar capacity in India was 10.8 GW as of March 2024. It said the decline in plant output was mainly due to delays in the application process for residential customers due to high number of applications. under PM Surya Ghar: Free Electricity Scheme. Rising module prices to meet domestic content requirements (DCR) has further reduced capacity addition under the Surya Gujarat programme.
The change is visible at ground level.
The industrial sector contributed the most to capacity addition on a quarterly basis. This represented around 57 percent of the total installed capacity. The share of commercial, residential and government sectors has been around 28 percent, 14 percent and 1.1 percent respectively. Let us tell you that the government's initiatives are having a lot of impact at the popular level.
