India’s Solar Leap: Financing a Mature Market

Solar PV is growing rapidly in India. The country has become the third largest market for the technology globally. Driven by cost competitiveness, solar PV is now the preferred choice for new power plants by the federal and most state governments. Access to large amounts of capital is essential for the market to maintain its momentum. Our report shows that the financing ecosystem in India is stepping up to meet the needs of the market.