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Industry News! PV MARKET DEVELOPMENT INSIGHTS | INDIA

Afore released | 2021-07-16 | Click: 480 times

Since 2015, India connected an average of around 7.49 GW solar PV to the grid per annum. The result was a giant leap from 4.88 GW in 2015 to 44.2 GW until March 31, 2021. The world’s largest democracy, however, has a long way to go to reach its ambitious 2030 solar PV target of around 300 GW.

The majority of the deployed capacity was built in the utility segment (over 500 kWp). With several programs offered to incentivize rooftop solar, the government of India is aiming to achieve 40 GW of rooftop solar capacity by the year 2022.


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