India has committed to 175 GW of Renewable Energy by 2022. An ambitious target which is often appreciated for the initiative, but beyond optimism and approach, the target seems unassailable in the short duration of time.
Of this target, 100 GW has been apportioned for solar PV, of which 40 GW has to be met through rooftop solar PV systems. There has been a dramatic growth in this sector with the falling capital cost of installation leading to solar tariffs reducing significantly over the years.
While the solar PV industry in itself has seen overall growth, the rooftop solar PV segment has seen insufficient growth in order to achieve the set target. Of the 40 GW to be installed by 2022, only around 3.86 GW had been installed by December 2018. Read More