India's Rooftop Solar Market Surges with MNRE and EU's Renewable Hydrogen Initiative
Key Ideas
- India's rooftop solar capacity grew by 232% year-over-year in Q1 2025, reaching 1.2 GW, with residential installations dominating under the PM Surya Ghar program.
- The Ministry of New and Renewable Energy (MNRE) and the European Union's Trade and Technology Council (TTC) collaborate to fund renewable hydrogen projects from biogenic waste with ₹900 million.
- The Forum of Regulators suggests exempting electricity duty and cess on pumping input energy for pumped storage projects to drive cost reduction and investments.
- Solar module manufacturer Insolation Energy and solar power company Bhaskar Jyoti showcase substantial revenue growth and contract wins, indicating a thriving renewable energy market in India.
India's rooftop solar market experienced significant growth in the first quarter of 2025, adding 1.2 GW of capacity, a 232% increase from the previous year. Residential installations, particularly under the PM Surya Ghar program, drove this growth, constituting 77% of the new capacity. MNRE and the EU's TTC have joined forces to invite bids for generating renewable hydrogen from waste materials, offering a funding of ₹900 million for two selected projects. The Forum of Regulators recommended measures to promote investments in pumped storage projects, including exempting electricity duty on input energy for pumping. Insolation Energy reported a substantial revenue increase of 58.35% in the second half of FY 2025, attributing it to market expansion. Similarly, Bhaskar Jyoti secured a contract to install a 1.3 MW rooftop solar project for NCL, showcasing the continued growth of the solar sector. The article also highlights China's dominance as a supplier of battery metals, indicating the global dynamics of the renewable energy market.