Accessible financing is a prerequisite to drive growth in the rooftop C&I solar market in India. Presently, this segment accounts for almost 75% of the total rooftop solar installations in India with annual additional installations of 1.3 gigawatts (GW) to 1.8GW in the last few years. Since 2015, rooftop solar project developers have raised more than US$2 billion, 48% (US$985 million) of which came from equity funding and 29% (US$599 million) from debt. For players who are not able to raise equity or debt investments, raising funds via loans from banks or non-banking financing companies (NBFC) is another possible route.
The report “Financing Trends in the Rooftop Solar Commercial and Industrial Segment (C&I) in India: Scaling up Rooftop Solar Finance in Untapped Markets” has been prepared by JMK Research & Analytics and Institute for Energy Economics and Financial Analysis. This report lays out recommendations for stakeholders and policymakers to make rooftop solar a more viable and attractive option.
Read the complete report here