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Home  > Research Focus  >  Emerging Renewable Power Markets  >  India Solar: The Dawn of an Emerging Market

India Solar: The Dawn of an Emerging Market

August 10, 2010

India's emergence as an opportunity for the PV and CSP solar markets has largely been driven by incremental national and state regulatory policies to achieve a national target of 20 GW of solar by 2022. However, near-term activity remains uncertain due to regulatory and financial risk. At this early stage, project developers are relying heavily on foreign experience in system integration, design, and investment. However, escalating local content requirements and on-the-ground knowledge will be central to growth of the India solar market. Solar PV technology is expected to dominate the solar industry through 2015 due to its more rapid deployment, size and siting flexibility, and domestic manufacturing presence.

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