‘Note ban will lead to even lower solar tariffs,’ says president of SunSource Energy
With solar power tariffs falling below Rs 3 per unit in auctions last month, a major player in the solar rooftop space says they are on course to fall further given that the recent demonetisation measure has come as a boost to industry because of the availability of cheaper finance. “Demonetisation is helping the industry get cheaper loans,” Kushagra Nandan, President of SunSource Energy, told IANS in an interview. SunSource Energy is a key player in the Indian solar space with 100-odd commissioned and under-execution projects spread across 14 states. “Even at the retail level prices are getting competitive with solar tariffs having come down to the range of Rs 5-6.50 per kilowatt hour (kWh). Tariffs are going to get lower,” Nandan said.