Key Messages

India’s solar photovoltaics (PV) market is rapidly growing. However, to reach the ambitious goal of 500 GW of renewable energy by 2030, there is a pressing need to increase installed capacity and generation targets. With only around 62 GW of installed solar capacity achieved by the end of 2022, India fell short of its 100 GW target for the year. Favourable policies, financial support, technological advancements, and a competitive market are essential for further advancing the growth of India’s solar PV sector. In the first article of the series, we assess the gaps in key areas of the sector.