India forecast to overlook its 2022 100-GW photo voltaic goal, report states

April 13 (Renewables Now) – India is anticipated to overlook its 2022 goal of 100 GW of put in photo voltaic capability by 27%, and on the present course will doubtless be brief by about 86 GW of its photo voltaic goal of 300 GW by 2030, based on a report by the Institute for Power Economics and Monetary Evaluation (IEEFA) and JMK Analysis.

India had 55 GW of put in photo voltaic capability on the finish of 2021 and is forecast so as to add 19 GW this yr, together with 15.8 GW of utility-scale programs and three.5 GW of rooftop photo voltaic.

The 100-GW goal is break up between 60 GW of utility-scale and 40 GW of rooftop photo voltaic capability. Whereas the utility-scale photo voltaic sector will miss the mark by 1.8 GW, the 40-GW rooftop photo voltaic goal shall be undercut by 25 GW by December 2022.

In keeping with the report authors, rooftop photo voltaic and open entry, or offsite, photo voltaic installations have been handicapped by challenges akin to pandemic-related provide chain disruption and coverage restrictions.

“Central and state authorities insurance policies and rules have to be aligned to help the photo voltaic sector general, and particularly the ailing rooftop and open entry segments of the market,” stated co-author Akhil Thayillam of JMK Analysis.

The report makes quite a lot of suggestions to get the photo voltaic targets again on monitor. As an example, it proposes constant rules for web metering and banking services within the brief time period and long-term measures akin to stricter enforcement of the renewable buy obligation (RPO) and decreased cross-subsidy surcharge for business and industrial customers.

Join Renewables Now’s free daily newsletter now!

Source

Leave a Reply