Despite India’s ambitious solar targets, challenges remain on policy, financing and grid infrastructure. Simon Yuen talks to experts in the solar industry to examine the challenges and opportunities in the Indian market.
China’s surge is not just a ripple but a tidal wave, with over US$450 billion in surplus factory investment threatening to flood the market over the next three years.
Solar PV accounted for 55.8% of the total power generation capacity added to the Indian grid in 2023, including fossil fuel additions which rose considerably over the year in response to growing electricity demand.