Mumbai, July 21 -- Joint Solar expects rising electricity demand in India to create new growth opportunities for the solar sector, particularly across the residential, commercial and industrial markets.
The company said government estimates indicating that the country's peak power demand could reach 300 GW next year are likely to accelerate the adoption of renewable energy as additional generation capacity is required to meet rising consumption.
According to Joint Solar, increasing economic activity, urbanisation and higher electricity usage are driving demand for clean energy solutions. The company expects growing awareness of solar energy among households and businesses to support market expansion in both established cities and emerging towns.
Vinod Sharma, Director, Joint Solar, said the increase in electricity demand presents an opportunity to broaden solar adoption across customer segments. He added that manufacturers will need to focus not only on production capacity but also on product performance, reliability and long-term system efficiency as the market matures.
Joint Solar said expanding awareness, dependable products and stronger distribution networks will be key to increasing solar adoption beyond metropolitan markets. The company has been working with its dealer network to address regional demand patterns and improve market reach.
Joint Solar has operated in the solar sector for more than two decades and has completed over 500,000 installations across India. The company has a 1.3 GW manufacturing capacity, producing polycrystalline, monocrystalline and TOPCon solar modules from two manufacturing facilities.
Published by HT Digital Content Services with permission from Construction World.