Google- The launch of the PM Surya Ghar: Muft Bijli Yojana in February 2024 has led to a 300% surge in demand for string inverters, essential for rooftop solar systems.
- The ambitious program aims to install solar systems on 10 million households by 2026-27, with applications increasing by 170% between February and June 2024.
- Inverter manufacturers report challenges in meeting demand, with potential supply shortages and price increases expected in the coming quarters.
- Concerns are growing about the influx of low-quality inverters and supply chain bottlenecks, which could delay the program’s progress.
Source: Mercom India