India adds record-high rooftop solar capacity of 521 MW in April-June
The lockdowns were very targeted, and the industry was well prepared this time around, which minimised the effect on installation activity.
you cannot just shutdown & bring up coal based plants on a daily basis. they run for long durations and provide base load power. i am surprised you say that india has highest potential to reap solar energy. i am yet to see any decent paper on this.
while operational cost of solar power is near zero, it is highly capital intensive. there is still some distance to go from technology perspective. thin films is the most promising technology. it's efficiency is low but it compensates through lower capital needs. but even that on a levelized cost perpective is about 3-10 times expensive in western countries (at locations with good insolation levels). this however depends on discount rates used. you will not find indian banks lending at such low 5% interest rates. best you could hope for now is 10%. solar technology is still unproven & i doubt any serious bank would lend at all. you need equity but indian investors expect a much higher roi and so large scale solar projects would be financially unviable in india.
your view that oil imports benefit sheiks, while mainstream, is not free market thinking. they export oil and import other stuff. it is just a globalized economy. and that way we can argue against solar & wind energy as well. we are dependent capital intensive technology that are more expensive than fossils: usa for solar & europe for wind.
we definitely need to move away from coal, oil & gas. i am not saying this because of global warming of which i have reasons to be skeptical, but because oil production has started to decline for a few years now. gas too would follow very soon and coal possibly in next 2 decades. so, we must look at alternatives - nuclear & wind is the best short term option and in medium-long term solar.
indian government does not have that kind of money to subsidize such renewable energy. in any case, best way to get this done is to leave the markets to function freely. if state electricity boards allow/simplify sale of such power produced by independent producers directly to consumers and allow them to enter into long term contracts, i am sure we would soon see more such renewable energy generation.
India added 521 megawatts (MW) of rooftop solar capacity in the second quarter (Q2) of the calendar year (CY) 2021, a 53% increase quarter-on-quarter (QoQ) compared to 341 MW installed in Q1 2021 (January-March), said Mercom India Research’s newly released Mercom India Rooftop Solar Market Report Q2 2021.