Rooftop solar, one the fastest growing sub-sectors in the country’s renewable energy space, has hit a speed bump.
Of the targeted 40 Gw of solar rooftop installs, only 10 per cent has been achieved. Solar rooftop installations are seen as critical to India achieving its 175 Gw of renewable energy capacity by 2022. The country has built 28 Gw solar capacity, marking a four-fold leap in less than three years.
“Despite this strong growth, India has achieved only 10 per cent of its 40 GW rooftop solar target. This is well below the run-rate anticipated by government. To achieve the 2022 target, India will have to greatly accelerate the pace of new solar rooftop installations”, said Vibhuti Garg, energy analyst at US-based think-tank Institute for Energy Economics & Financial Analysis (IEEFA).
