“India is currently lagging behind its targets as far as solar rooftop is concerned. As against a target of 40 GW of solar rooftop by 2022, we have just about managed to achieve 1,000 MW as of now. In this scenario, the industry needs all possible support from the Government to fast track deployment of solar systems. In this context, the decision of RBI to not reduce the repo rate is slightly disappointing. A rate cut would have spurred the real estate industry, which in turn, would have created greater demand and opportunities for solar rooftop systems in the country.”
Dev Arora, Founder & CEO, 8minutes Future Energy