Solar Market in India

India’s C&I solar segment has emerged as an important standalone business space in the recent years, offering attractive returns amidst regulatory risks and challenges. The share of C&I consumers is increasingly rapidly across both on-site and offsite solar markets.

The future looks promising but investors need to be cautious of regulatory uncertainties, changing state-level policy regimes and open access charges.

Key highlights from the C&I Solar Market in India 2019 report:

– Open access projects have a share of 10.76% in the total solar power capacity of the country. The open access solar capacity has grown at a CAGR of 68% between 2014-15 and 2018-19.

– The C&I segment contributes 70.08% of the total rooftop capacity in the country and almost half of the rooftop solar capacity has been installed in the industrial space.

– The captive solar capacity has grown at a CAGR of 134% between 2016-17 and 2017-18

– Total addressable solar potential in the C&I space across the 12 states is expected to be north of 250 GW by 2024-25. How much of this will translate into actual solar capacity will depend on factors such as discom health, regulatory clarity, C&I grid tariff trends and future open access charges for these consumers.

Download Sample Report


Enter your email address