India’s government is expected to announce a solar energy target for 2020, but the technology is still at a relatively early stage and the government has not yet released a detailed price list.
The government has been pushing solar technology in recent months, unveiling the country’s solar power target in May.
The aim is to have the world’s largest solar power capacity by 2020.
But solar energy technology is not yet widely deployed and India has not been able to ramp up large-scale installations at scale.
A new study by the Centre for Science and Environment (CSE), an Indian think tank, suggests India will miss the target by about 2.2 percent of its gross domestic product.
The study is being presented at a conference in Hyderabad on Tuesday, the first day of the International Solar Energy Conference.
India has committed to have solar power installed on more than 300 million rooftops by 2020, a goal that the CSE expects to be achieved in the first half of next year.
The solar power industry has also suffered as more companies fail to meet the targets.
The Indian solar industry is dominated by a handful of companies.
SunEdison and Bharat Solar are the largest players, accounting for over 90 percent of solar energy installed capacity.
SunPower, a smaller player, is a distant third.
The CSE study says that while the solar power sector is already “growing rapidly” in India, the country needs more than 1,000 gigawatts of capacity to reach the target.
The CSE has put out a draft target of 1,600 gigawatts.
It says India has more than 2,500 gigawatts, or nearly 30 percent of the country, that is not being used for solar power.
India currently has about 700 gigawatts (GW) of solar power generation capacity.
It is not clear what India will do to meet its target, but experts say it will be crucial to have a solar power infrastructure that is affordable.CSE’s research director Ravi Vaidyanathan said that it will require investment in large scale solar energy infrastructure in India.
“If we do not build the infrastructure in a timely manner, this could create serious challenges in the coming years,” Vaidyanathan said.
India will need to develop a “new national policy” to incentivize solar energy, he added.
The government has said it will announce its solar power targets within two months.
The report comes as the government announced plans to launch a solar farm near Chennai in the state of Andhra Pradesh in 2019.
The state government has set aside 1,700 megawatts (MW) of capacity for solar farms, including 1,100 megawatts of solar panels.