• A report prepared by JMK Research and Analytics and the Institute for Energy Economics and Financial Analysis says India is likely to miss its 2022 target of installing 100 GW of solar capacity.

  • The report states that as of April, only about 50% of the target of 100 GW, comprising 60 GW of utilities and 40 GW of solar on roofs, has been met. Nearly 19 GW of solar capacity is expected to be added by 2022 – 15.8 GW of utility scale and 3.5 GW of rooftop solar.

  • The Indian rooftop solar market initially struggled to grow, hampered by a lack of consumer awareness, inconsistent policy frameworks from central and state governments, and funding. But thanks to falling technology costs, rising grid rates, increasing consumer awareness and the growing need to reduce energy costs, the rooftop solar market is slowly taking off.