Workshop on Solar Rooftop Policy Coalition Unveils the “Scaling Up Private Investment in Rooftop Solar”

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A report titled “Scaling Up Private Investment in Rooftop Solar” was launched on March 17, 2016 by Shri Piyush Goyal, Minister of State with Independent Charge for Power, Coal, and New & Renewable Energy. The product of an in-depth study by the Solar Rooftop Policy Coalition—which consists of The Nand and Jeet Khemka Foundation, The UK Department for International Development, The Climate Group and The Shakti Sustainable Energy Foundation—the report looks at ways to increase private investment in rooftop solar in India. Authors focus on how solar on the roofs of business, institutions, and homes can be scaled up to the Government’s target of installing 40 GW of rooftop solar capacity by 2022.  Rooftop solar will contribute to India’s energy security and is an important part of achieving the Government’s overall target of 175 GW of renewable energy by 2022.

Sir David King, UK Foreign Secretary’s Special Representative on Climate Change said: “India can be the game changer in the global transition to renewable energy, driving sustainable economic growth. India has achieved great things in ground-mounted solar and this report can help repeat this success in rooftop solar.” Uday Khemka, Managing Trustee, the Nand and Jeet Khemka Foundation said: “This is a really exciting time for rooftop solar which has huge potential for growth.  Implementing the recommendations of this report, including addressing risks faced by investors, will contribute to sustained scale up of the rooftop solar sector and accelerated progress towards the Government’s 40 GW target for rooftop solar by 2022.”

Source: Akshay Urja, MNRE