Rooftop solar market in India witnessing rapid growth but 2022 target seems elusive

Over the past two years, the rooftop solar market in India has grown at a compounded annual growth rate of 90%. As of March 31, 2016 the cumulative installed capacity stands at 740 MW (refer INDIA SOLAR HANDBOOK 2016). This growth is directly linked to the improvement in price competitiveness of rooftop solar power vs grid power. Commercial and industrial (C&I) segment…

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