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India’s Rooftop Solar in Dire Need of Innovative Financing Solutions

India has only managed to achieve approximately 2 GW of rooftop installations so far out of a targeted 40 GW by 2022

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Four years ago, under the leadership of Prime Minister Modi, India set a target to install 175 GW of renewable capacity by the year 2022. Of the targeted capacity, 100 GW was earmarked for solar with 60 GW set for utility scale and 40 GW for rooftop solar. But so far, only 2 GW of rooftop solar has been installed as of Q1 2018.

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