“In the Indian market, it is not just about strict compliance and penalizing states to push for higher installations levels. There are a lot of underlying issues that the government needs to address like DISCOM financials, must-run status, transmission and evacuation issues, on-time payments and payment guarantees, and deemed generation benefits. Solar companies and investors have demonstrated that they are willing to take the risk and invest in the market. It is the government that needs to catch up and provide low-risk, conducive market conditions for renewable installations to thrive,” said Raj Prabhu, CEO of Mercom Capital Group.