With Narendra Modi’s government stunning pollsters with another huge win, the solar industry expects renewable power momentum to be maintained with steps including anti-dumping duty on solar module imports, a national policy for rooftop solar and an emphasis on easing private-sector participation in the power sector.
India has installed total 1,861 MW rooftop PV as of September 2017 as the state of Maharashtra overtakes Tamil Nadu to become largest for rooftop solar, as per latest report by Bridge to India. Analysts have revised India’s rooftop projection to 10.8 GW by 2021.
CleanMax Solar, India’s largest rooftop solar developer, will use the private equity investment to fund growth opportunities outside India.
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