Odisha Signed MOU with Azure Power for India's 1st Grid Connected Rooftop Solar Project

India: The Government of Odisha has entered into MoU with Azure Power Mercury Private Limited for installation of India’s 1st grid connected rooftop solar project. The project is expected to have minimum capacity of 4 MW. It will be installed across more than 100 Government buildings in city of Bhubaneswar and Cuttack. The estimated cost of project is about USD5.24 million.

TechSci Research depicts that the new solar rooftop projects would help to generate clean source of electricity in the country and will lead to growth of solar rooftop market. In order to map the solar potential in the country, the Ministry of New and Renewable Energy (MNRE), a nodal Ministry of the Government of India for all matters relating to new and renewable energy, has installed 51 Solar Radiation Resource Assessment (SRRA) in the country to calculate the solar potential. The vision of Indian government to increase the share of solar energy in energy mix is going to fuel the growth of solar rooftop Market 

According to the TechSci Research report, “India Solar Rooftop Market Forecast & Opportunities, 2011 – 2021”, the solar rooftop market in India to grow at a CAGR of over 60% during 2016 - 2021. In India, the solar power market is in its developing stage, and numerous measures are being taken by the government to promote the use of solar energy in the country.