Fall of rupee hits solar power sector

Fall of rupee hits solar power sector“The current economic situation with steep rupee fall has created stumbling blocks,” said P.S.N. Raju, Managing Director, Access SolarAccess Solar is in the business of solar PV modules and cables. The company also offers PV solar systems through its associated partners. In an interview with EPR, P.S.N. Raju discusses the current trends and future opportunities.In India, solar power contributes less than 0.5 per cent of its energy mix and the government hopes to raise to 5-7 per cent by 2022. Is it an achievable target?The target of 5-7 per cent (solar power’s contribution to India’s energy mix) by 2022 is ambitious and it is achievable with favourable policies, positive government approach and improved economic situation.Keeping India’s potential solar generation capability in mind, don’t you think the target of 20,000 MW of solar energy by 2022 is not ambitious as projected?The target of 20,000 MW of solar energy by 2022 is ambitious but it is achievable.

Advertising