To mitigate the sector’s market and financial barriers, the Indian Government has sought climate financing from international banks. Additionally, with technical assistance programs, the early market-related risks and challenges, such as lack of experience and technical knowledge amongst the key stakeholders are to be overcome in order to accelerate deployment of rooftop solar.
The scope of this briefing note is to provide an understanding of the current state of grid-connected rooftop solar financing in the country and, in particular, in Tamil Nadu. It evaluates the state of the international lines of credit, its implementation at state level (for Tamil Nadu), and the availability and accessibility of the financial support. Through this, the document aims to identify possible gaps and challenges existing today in financing rooftop solar.