It is still quite challenging to finance photovoltaic solar projects in India. However, it will become easier soon.
In general, the solar market is a logical thing to invest in. Nevertheless this is complex and challenging in India, due to their less experience. This will be the crucial topic in the Solar Future: India II conference in Jaipur tomorrow. Jaipur is located in Rajasthan, which is the state with the most solar potential in India. Banks in India are extremly cautious to invest in project connected to solar power, because their are still unsure how reliable the technology is.
However, once investors get used to it, developments are expected to take off by 2014 and then the Indian solar market could be unstoppable.