The solar plant, in drought-prone Rajasthan, features a water-free robotic cleaning mechanism which also saves on labor costs.
The Delhi-based end-to-end rooftop solar company is looking to eventually raise Rs 250 crore ($35 million) as it plans to improve its technology infrastructure further, scale up the service offerings, and expand to newer geographies, including parts of Middle East, Asia Pacific and Africa.
Net metering benefits are now allowed across categories, including commercial and industrial consumers. Further, under net metering mechanism, consumption limit of 300 units for the residential category has been removed. This will help consumers set off their entire consumption against their system’s self-generation, benefiting them greatly.
The recently proposed guidelines allow electricity cost reduction of only Rs 3.64/unit for commercial and industrial consumers, which is not even sufficient to recover the capital costs of setting up the solar infrastructure.
The rooftop solar solutions provider has bagged 11 MW of multiple new orders in Maharashtra and Rajasthan in last one month. These projects are getting executed in Pune, Ratnagiri, Baramati, Washim, Nanded and other cities in Maharashtra and Rajasthan.
A proposed investment in railways and roads offers an opportunity to harness solar for commercial vehicles and public transport. However, the 2019 federal budget does not address the industry’s call for varied financing options for solar projects or a plea to treat consumers’ solar borrowings as home loans.
The solar industry seeks tailor-made financing options for end consumers, especially small and medium-sized enterprises (SMEs) and micro SMEs (MSMEs), in addition to supportive and stable government policies to ensure speedier progress.
MYSUN will wave off all the processing fees for customers for a limited time. First EMI will also be waived off under the MYSUN-Flexi Pay scheme. Going solar is a proactive way of dealing with air pollution, and making Delhi/NCR clean again.
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