Renewable Energy

Business Model for Rooftop Solar In India

India is facing a rapidly growing energy demand, which will likely double by 2030. In order to meet this demand, India has set one of the most ambitious renewable energy targets in the world—100 gigawatts (GW) of solar power by 2022 (pib.nic.in, December 15, 2015). This target is good for the Indian economy, the climate, and the 80 million households that currently lack access to electricity. To put this target in perspective, the current leader in solar power capacity, China, had a total installed solar capacity of around 43.5 GW at the end of 2015 (bp.com, 2015 Review)). India’s renewable energy target of 175 GW by 2022, comprise 100 GW of solar capacity, 60 GW of wind power, 5 GW of small hydro and 10 GW of bio-energy. The solar capacity target includes 60 GW of utility-scale solar power and 40 GW of rooftop solar power. By March-end 2016, India had installed a total capacity of 6.7 GW, with 6 GW of utility-scale projects and 0.7 GW of rooftop solar projects (mnre.gov.in). While utility-scale solar power seems to be growing in line with the 60 GW target, rooftop solar power growth is still way behind the annual level required to meet the 40 GW target, and needs to accelerate quickly. In order for the rooftop solar industry to reach 40 GW from current levels, the...

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