Union minister Nitin Gadkari on Friday invited MSMEs to avail concessional debt finance to install rooftop solar for business efficiency. The Minister for Micro, Small and Medium Enterprises (MSMEs) and Road Transport & Highways said rooftop solar offers an excellent value proposition to MSMEs by significantly bringing down cost of electricity consumption, which on an average, is up to one-fifth of their operations cost. Addressing a programme virtually, Gadkari said, "I believe there is a strong business case for MSMEs to install rooftop solar and achieve significant savings to achieve the cost-competitiveness. I am confident that MSMEs will stand together in generating and consuming solar power using their rooftops." The minister observed that a large amount (average Rs 8 and higher per unit) is being paid by the MSMEs for power consumption, which contributes to up to one-fifth of the overall production costs. "To assist MSMEs in implementing rooftop solar projects, the ministry
The analysis showed that the housing societies or similar residents' groups could play a major role in ensuring the uptake of rooftop solar
Firm will offer residential solar rooftop solutions to independent homeowners and SMEs in Chennai, Hyderabad and Kochi
It said rooftop solar capacity is expected to touch 15.3 Gw by March 2022 in a status quo scenario
Over 60 prospective bidders from across the country attended pre-bid meetings for the tender that is expected to be finalised next week
India has installed just about 2,538 megawatt (MW) of the targeted 40,000 megawatt (MW) of rooftop solar power capacity by 2022
Few years back, solar rooftops was emerging as a new attractive option for HNIs in the country
Tariff ranges from Rs 3-Rs 7 per unit for pan India projects