Accelerating India's clean energy transition: the future of rooftop PV and other distributed energy markets in India
India will need to invest $23 billion over the next five years to meet its target for 2022 of 40GW of rooftop photovoltaics, according to a new report by Bloomberg New Energy Finance (BNEF). Accelerating India’s Clean Energy Transition, published at the BNEF Future of Energy Summit in Shanghai, examines the trends in India’s rooftop solar, rural mini-grid, off-grid and utility-scale renewable energy segments. India’s government has set its sights on having 175GW of non-hydro renewables capacity by 2022 (made up of 60GW onshore wind, 60GW utility-scale solar, 10GW bioenergy, 5GW small hydro and 40GW rooftop solar). At present, this figure stands at just 60GW.