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A majority of chief executive officers in the Indian solar power industry expect the country’s solar power generation capacity to reach only 57,000 MW by 2022, significantly lower than the government’s target of 100,000 MW.
This is according to a survey of CEOs of 31 firms in the solar power industry in the country conducted by consultancy firm Bridge To India.
According to the survey, the main hurdles of reaching the governments targets will be rooftop solar capacity addition.
While 56 per cent of the respondents said the total solar power capacity in 2022 will be 57,000 MW, 48 per cent of the respondents said the capacity of rooftop solar will not be more than 10,000 MW.’
The government’s target of 100,000 MW of solar power capacity by 2022 envisages 60,000 MW coming from utility scale solar power projects on the ground while 40,000 MW is to come from rooftop projects.
More than third of the respondents also said grid integration and availability of transmission capacity remains the biggest challenge for the solar power industry in India.
This is the first time Bridge To India has undertaken a CEO survey. The anonymous survey included respondents from the Aditya Birla Group, First Solar, Fortum India, Hero Future Energies, SkyPower, L&T, Moser Baer Solar, Vikram Solar and others.
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