The US-India Plan to Leverage $1B for Off-Grid Solar Will Face Obstacles, Says Expert

By [email protected] This week, President Obama committed tens of millions of dollars toward off-grid solar projects in India — a deal that American officials say could leverage $1 billion in total investment in the sector.

However, one of India’s top solar analysts is expressing caution about the deal.

“This sort of financing comes with a long and expensive due-diligence process,” warned Jasmeet Khurana, associate director of solar consulting firm Bridge to India.

“International capital coming into India in any form is a welcome step. The sector could definitely use it. However, while the focus on off-grid solar projects and rural electrification may appear to

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