Sunsure Energy, said, “The current situation is building up like the Andhra Pradesh and shares many similarities. However,in the case of Haryana,it is the same government which had issued the state solar policy that is now backing away from it.
In May 2018, Sunsure Energy, a solar turnkey solutions provider, raised zero-collateral based debt capital worth $2.2 million from TATA Cleantech Capital, L&T Finance, and cKers Finance to be used as working capital to construct solar photovoltaic (PV) projects up to 100 MW in FY 2019.
In EPC segment, 28% developers opted for self-EPC (EPC work completed in-house by developers), instead of hiring a contractor. Among EPC players, Sunsure emerged as the biggest rooftop installer with 24% share.
It said the CAPEX market (where entire rooftop is owned by rooftop owners) is even getting more fragmented with top 10 players having a share of only 18 per cent (21 per cent last year). The top 3 players include Tata Power (4.4 per cent), Sunsure (2 per cent), and Mahindra (2 per cent).
Kartikeya Sharma of Sunsure Energy, a complete solutions provider in the solar space, said that the way to get the subsidy is warped, with long drawn forms and conditions. “Subsidies are only provided to those who use solar panels made in India and that limits the game to domestic players and affects competitiveness on the basis of quality,” he said.
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With India experiencing a remarkable boom in renewable energy production, corporate and industrial (C&I) buyers are actively seeking ways to procure green power. In this article, we will explore the Open Access route to source green power, its advantages, and most importantly, provide valuable insights to assist C&I players in making informed decisions when choosing a power producer for Open Access Power.
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