Scaling up of rooftop solar in the SME sector in India
Scaling up rooftop solar in the micro, small and medium enterprises (MSME) sector would require addressing key issues relating to lack of low-cost financing, lack of rooftop aggregation models and inadequate level of awareness, according to a new report by Deloitte and Climate Investment Fund (CIF). 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. According to the report, Indian rooftop solar market is currently not geared to implement large-scale rooftop solar projects under the operational expenditure (OPEX) model in the MSME sector without institutional or financial interventions. The report recommended a dedicated aggregation vehicle, which could support the implementation of rooftop solar projects across the target MSME clusters.