The ambitious goal of installing 100 GW solar energy capacity is achievable considering the country’s estimated solar potential of 750 GW, says a study by India Exim Bank titled “Indian Solar Sector: Fostering Growth and Sustainable Development”. The study undertaken by the India Exim Bank’s research team analyses recent trends in India’s solar industry including exports over the years.
It dwells upon the existing support mechanism of the solar industry in the country which has evolved significantly during the last decade, besides highlighting key promotional policies and support programmes in select developed and developing economies, which could provide key policy inputs for India. The paper also analyses the global finance trends to the solar energy in the recent past and the importance being given by the global financial institutions and multilateral development banks to the solar sector. To upscale the solar energy in India, the Study by India Exim Bank suggests a host of strategies such as increasing the access to finance, promoting floating solar power, addressing the land issues, integrating solar power with electric vehicles, RPO compliance, among others.
Access the study here