A separate report published today by international consulsolar tracking system tancy KPMG highlighted India's largely untapped rooftop solar market as one of the key growth areas in the country over the coming decade.

Solar prices in India could be substantially lower than coal by 2020, helping the technology become a major part of the country’s energy mix, according to a report by international consultancy firm KPMG.

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On the eve of Intersolar India, which kicks off in Mumbai later this week, KPMG’s report, ‘The rising sun: Disruption on the horizon’, predicts that over the next decade solasolar tracking system r will scale up significantly, reaching a 12.5% market penetration by 2025.

A key factor in this scenario is the falling cost of solar, with KPMG predicting that by 2020 solar power will have reached INR4.20/kWh and INR3.59/kWh by 2025, up to 10% lower than coal.

Another major disruptor identified by KPMG is the advent of the rooftop PV market in India. Although rooftop PV is already competitive in India for many industrial, commercial and some residential customers, it is being held back by immature or non-existent net metering policies and the poor state of India’s grid.

But KPMG said this could change with the “significant evolution” expected in storage technologies, which will make self-consumption of solar power generated particularly in residential settings more attractive.

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