Indian corporates have been increasingly procuring renewable power through the open access route, mainly to meet decarbonisation targets and cost savings because of lower cost of renewable power vis-a-vis other sources

India may fall short of 100 GW solar power target by 2022 unless aggressive and focussed capacity additions happen in the next couple of years

In 2018, India surpassed 26,000 MW of cumulative solar capacity and has emerged as one of the world's largest markets for solar PV, providing ample growth opportunity as well.

India's target is to achieve 175 gigawatt (GW) of renewable energy by 2022 and rooftop applications are supposed to contribute 40 GW of the total 100 GW of targeted solar capacity.

Watch Anilesh Mahajan, Senior Associate Editor, Business Today, interview Gajanan Nabar, CEO, CleanMax Solar, on challenges solar developers face and lack of clarity on duty structure.  

As India takes the initiative to create a global solar industry alliance, investments in the solar energy sector in the country rose to over $10 billion in 2017.

Companies that make India third-largest solar market in the world