Solar power growth hit by GST, import duty woes
The ambitious target of setting up 40 gw of rooftop solar power in the country by 2022 seems impossible with the government taking its 'eye' off this ambitious programme.
"Rooftop solar has taken a back seat… The government has taken its eyes off rooftop solar," SunSource CEO, Adarsh Das told DNA Money.
SunSource, the Rs 400 crore start-up company, is in the business of erection of commercial and residential solar rooftops, besides building large solar power plants across the country and some overseas nations, including the Philippines.
Solar firms see sunrise on residential rooftop
In their rush to grab the first mover advantage in the segment, they are hopping onto the rooftop even before the government came out with proposed sops
Even before the government has come out with policies and regulations to give rooftop solar a big push, major solar companies are looking to tap opportunities in the residential rooftop solar kit segment to grab a big chunk of the market.