Credit support pathways for rooftop solar projects in India
India, under the Intended Nationally Determined Contribution (INDC), has set an ambitious target to achieve installed capacity of 175GW of renewable energy by 2022, including 100GW of solar power. Of that, the government aims for 60 GW to be utility-scale solar, and the rest to be rooftop solar. Though India has made significant progress on the 60 GW utility-scale solar target, getting to the 40 GW rooftop solar target will be a significant undertaking. As of March 2018, installed capacity of rooftop solar was only ~2.53 GW, which means in the next four years India needs to achieve more than 15 times the current capacity. Filling this gap between the current installation and the 40 GW goal will require significant efforts from policy makers, lenders, and other stakeholders in this area, quickly.