Why people are so heavily investing in Solar?

While Narendra Modi has inaugurated the largest solar farm at Charanka last month with a total installed capacity of 214 MW, it gives a lot of comfort to the banks and financial institutions who used to question solar as not a proven technology and hesitant in financing the solar power projects. A lot of small investors in Gujarat, who used to invest in wind power as their preferred investment strategy to save taxes through accelerated depreciation have started shifting their investment focus on grid connected solar power generation. Interest of this community in solar has many reasons. Many investors feels that investing in solar gives them diversity and fuel flexibility which is not available in typical conventional power generation.  It is also a fact that Solar power’s generation profile correlates with the demand profile of distribution utilities. Also Solar power plants are modular in nature and can be constructed fairly…

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Foundation Engineers. Foundation & Piling Equipment & Tools. Utility.
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