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Chamber of Commerce discuss the challenges faced by solar industries

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DEEPIKA

BENGALURU: The talk on the solar industry on January 24, 2017, by the Chamber of Commerce, was aimed at addressing the financial challenges faced by the solar industry and also to pave a way for The Green Energy Summit later this year.

R.Shiva Kumar, Chairman, The Associated Chambers of Commerce(Assocham), said that “India has the potential to be amongst the top three countries globally in the next five years in terms of installed capacity of renewable energy, thereby creating new jobs, reducing poverty and achieving sustained socio-economic development.”

The regulators were K V Sajay and B R Manjunath, Deputy Director of KARC. According to them, the consumers would get a choice to choose over net metric or gross metric depending upon the generation of solar power. In December 2016, installation of roof top was done. Revision of amendment of state government increased from 5,000 to minimum 6,000 megawatts.

The main objectives regarding the solar power developer are solar power generation in the state, Mega Watt scale, and solar rooftop project.

“Solar industry in Karnataka is facing financial challenges, major problems faced by the solar industry in India are an absence of proper financing mechanisms, non-availability of land and its possession and evacuation of power,” Shivakumar added.

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