Financing key to scaling up SME rooftop solar in India — Deloitte

SME sector

The Micro, Small and Medium Enterprises (MSME) sector is expected to make a significant contribution to India’s rooftop PV target of 40 GW by 2022. However, a range of issues — including low public awareness, the scarcity of low-cost financing and the need for rooftop aggregation models — must be addressed before rooftop solar can be aggressively scaled up, according to a new report from Deloitte and the Climate Investment Funds (CIF).

the SME Sector report maps out key obstacles that could impact the growth of rooftop solar in India’s SME sector. It also identifies potential solutions to address those barriers. Deloitte India surveyed 150 SMEs across six industrial clusters, selected according to predetermined criteria: rubber and plastic, pharmaceuticals, automotive, paper, textiles, and food and beverage.

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