India’s industrial sector, very often plagued with erratic power supply, is increasingly resorting to a new method for solving their energy needs – solar power. Many leading Indian corporates and multinationals are now interested in installing roof top solar (RTS) in their factories or are relying on solar power to run their premises, say industry sources.
Cleanmax Solar, Asia’s leading roof top solar specialist that controls 24 percent of the domestic market, has already installed nearly 450 megawatt in various factory premises. They include 250 plus top corporate and multinational customers like Tata Group companies including the Nano factory in Sanand in Gujarat to automobile, pharma, IT, food and beverage companies. There are half a dozen established solar companies tapping the corporate sector, as solar power prices have crashed to a viable less than Rs 3/kWh (kilowatt hour) from over Rs 5/kWh three years ago. “We have not tapped even five percent of the industry potential. Scope of growth is immense as roof top solar is not even 4 percent of the 20 (gigawatt) total solar installed capacity in India”, says Sushant Arora, Co – founder, CleanMax Solar. Read More