India may miss its 300 GW solar energy target for 2030: Report

NEW DELHI: India is likely to miss its solar energy target of 300 GW (gigawatt) for 2030 by around 86 GW, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research said on Tuesday. The report said that India is also expected to miss its goal of having 100 GW of installed solar capacity by about 27% this year. As of December 2021, India’s cumulative installed solar capacity was 55 GW, with grid-connected utility-scale projects contributing 77%, and the rest coming from grid-connected rooftop solar (20%) and mini or micro off-grid projects (3%). By December 2022, there is likely to be a shortfall of 25 GW from the 40 GW rooftop solar target, and 1.8 GW from the 60 GW utility-scale solar target, the report said. The 27 GW shortfall from the 2022 target can be attributed to multiple challenges, including regulatory roadblocks, net metering…

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