The European Union (EU) and India have set ambitious targets for renewable energy and are keen on further strengthening their cooperation in this area under the EU-India Clean Energy and Climate Partnership (CECP). One of the clean energy areas includes Rooftop Solar, where India has considerable potential for deployment. The sector offers value proposition for consumers including industrial and commercial, who witness yearly increase in tariffs, whereas the rooftop solar projects have a fixed levelized cost of electricity (LCoE) through the life of the project.
As part of the CECP project, EU moderated a session on “Road ahead for Rooftop Solar” at the REI Expo, 2021 on 15th September 2021 which witnessed participation from industry stakeholders from EU and India. During the session, the study commissioned under CECP was presented which analyzed the rooftop market in India and identified possible barriers/challenges/issues that might limit the growth of the sector. Additionally, the rooftop market scenario in the EU has been analyzed, through this study, to understand the key drivers and innovative business models existing in the EU with the aim to recommend possible solutions suitable for India to further enhance rooftop solar PV uptake. The presentation of the report was followed by a panel discussion amongst experts from EU and India to discuss the current state of Rooftop Solar in India, learnings from EU and road ahead to support the deployment of these projects.