Unlocking the economic potential of rooftop solar PV in India

In 2015, the Government of India set a target to achieve 175 GW of grid-connected renewable electricity capacity by March 2022. The national target for rooftop solar PV (RTS) is 40 GW and the installed capacity as of 31 December 2020 was around 6 GW. Following the workshop “Unlocking the economic potential of rooftop solar energy in India” organised on 12 October 2020 by the IEA, in collaboration with the Council of Energy, Environment and Water (CEEW) and the Ministry of New and Renewable Energy (MNRE) of India, the IEA and CEEW jointly drafted a report based on insights from the participants of the workshop and the outcome of additional analysis. The report aims to answer the following important questions regarding deployment of RTS in India. How can DISCOMs benefit from the rapid deployment of RTS?; How can an enabling financial environment for development of RTS be created?; How can the existing remuneration policies of RTS be improved to attract more investment and balance the interests of consumers, DISCOMs and regulators?; How can other RTS support schemes be improved and what new policies can be introduced in India to achieve quick acceleration of RTS deployment?; How can residential and small or medium-sized enterprise (SME) consumers be effectively encouraged to invest in RTS?; How can a holistic policy approach for all distributed energy resources (DERs) be adopted to maximise the value of RTS in combination with electric vehicles (EVs) and storage?