India is projected to miss its target for 2022 of having 100GW of installed solar capacity by about 27%, largely due to slow uptake of rooftop solar.
On the current trajectory, India’s solar target of 300GW by 2030 will be off the mark by about 86GW.
Headwinds ranging from pandemic-induced supply chain disruption to deeply rooted policy restrictions have impeded the growth of India’s rooftop solar and open access (offsite solar power) installations.
This report proposes short- and long-term measures to get India back on track to meet solar targets.
India is projected to miss its target for 2022 of having 100 gigawatts (GW) of installed solar capacity by ~27%.
This report anticipates that by December 2022 there will be a shortfall of 25GW from the 40GW rooftop solar target, and 1.8GW from the 60GW utility-scale solar target, indicating the need for a concerted effort towards expanding rooftop solar.
On the current trajectory, India’s solar target of 300GW by 2030 will be off the mark by about 86GW.
The anticipated 27GW shortfall from the 2022 solar target can be attributed to multiple challenges including regulatory roadblocks; net metering limits; the twin burdens of basic customs duty (BCD) on imported cells and modules and issues with the Approved List of Models and Manufacturers (ALMM); unsigned power supply agreements (PSAs) and banking restrictions; financing issues plus delays in or rejection of open access (OA) approval grants; and the unpredictability of future OA charges.
The report proposes short- and long-term measures to get India back on track to meet solar targets.
Short- term
Long-term
