Dedicated financing key to rooftop solar: Deloitte

The Micro, Small, and Medium Enterprises (MSME) sector is expected to contribute significantly to achieving the government’s target of building 40 gigawatt (GW) of the rooftop solar capacity by 2022. Scaling up rooftop solar in the MSME sector in India requires addressing issues related to lack of low-cost financing, inadequate level of awareness, and lack of rooftop aggregation models, according to
a new report from Deloitte and Climate Investment Funds (CIF).

The report scaling up rooftop solar in the SME sector in India evaluates key issues based on the primary survey done across 150 MSMEs in six industrial clusters (rubber and plastic; pharmaceuticals; auto; paper; food and beverage; and textiles) in India, selected on the basis of a pre-determined criteria. The report recommends possible solutions for triggering rooftop solar growth in the MSME sector in India. “A well-conceived walk-through survey of 150 MSMEs depicted the willingness towards adoption of rooftop solar applications but strengthening an enabling ecosystem will be critical for its proliferation,” says Tushar Sud, Partner, Deloitte Touche Tohmatsu India LLP.
The report highlights possible solutions to address the key barriers affecting rooftop solar growth in the MSME sector.