A new report concludes that India will need to invest $23bn over the next five years to meet its target of 40 GW of rooftop solar photovoltaics by 2022.
India’s government wants 175 GW of non-hydro renewables capacity by 2022 – comprising 60 GW onshore wind, 60 GW utility-scale solar, 10 GW bioenergy, 5 GW small hydro and 40 GW rooftop solar.
At the moment, the country has reached 60 GW of this 175 GW target.
Some 135 GW of the overall target is utility-scale, and the new report by Bloomberg New Energy …read more