In government, business and industrial sectors growing demand, under the stimulus of rooftop solar industry sustained growth in India's development. However, the relatively low share of the rooftop solar device, is 12%.
by the end of December 2018, India's cumulative total of 3 rooftop solar devices. 2 gw, annual installed nearly 1. 6 gw of capacity. India's top ten rooftop solar installer accounts for about 30% of installed capacity in 2018, the market is mainly composed of small and local installation personnel.
according to the Indian company released the latest data, Mercom capital CleanMax leading Indian rooftop solar market in 2018, compared with 2017 growth rate of 170%. Fourth Partner in second place, the year-on-year growth rate of 193%. Tata power in third place, in 2018 year-on-year growth rate of 33%.
although ranked the top 2018 companies and 2017 are the same, but there were a few surprises. In 2018, the two leading large project developers also entered the top 10 list roof installer. With large-scale solar market faces some challenges, the developers are roof market, especially in commercial and industrial fields.
by the end of 2018, the top ten installer accounted for a third of India all accumulated roof facilities. In terms of cumulative installed so far, the tata power is still the top roof installation, followed by CleanMax and Fourth Partner Energy.
in the first quarter of 2019 roof installation volume fell 33% year-on-year in the first quarter of 2019 increased production capacity of about 260 megawatts, and the first quarter of 2018 to 390 megawatts. Largely due to the ongoing election, which makes it difficult to get approval. Most roof facilities, mainly in government, business and industrial sectors, for the first quarter of 2019, 85% of the total installed capacity of roof.
roof solar energy has great potential for growth and investment opportunities, but need better policy and financing options. In the past few quarters, the loan becomes a challenging, lead to slower growth. Net metering is still the market the biggest drag on the roof.
there are more and more states are working on a rooftop solar net metering of policies to stimulate the rooftop solar growth, according to the Mercom quarterly report, India solar rooftop market is expected to accelerate again in the second half of 2019.