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Modi Earmarks $6.5 Billion to Revive India’s Struggling Solar

Feb. 25, 2019, 8:50 PM

Rooftop solar and solar-powered agricultural pumps, two areas of India’s solar sector struggling to take off, will receive 460 billion rupees ($6.5 billion) in support under a new program approved by the government.

The funding is part of a bid to help India hit its target of 100 gigawatts of solar capacity by 2022.

Rooftop solar alone is expected to account for 40 gigawatts by then, but it isn’t picking up yet, said Y.B. Reddy, deputy general manager for solar photovoltaics with the Solar Energy Corporation of India, which will help implement the program on behalf of...

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