The five projects will be set up on EPC mode in Punjab, Haryana, Rajasthan and Chhattisgarh. The company aims to complete the projects by July 2024, Hanish Gupta, Founder and CEO of Sunkind Energy, said.
ADB: Last month, the government notified amendments to the foreign direct investment policy in the space sector to attract offshore investors in satellite manufacturing and satellite launch vehicles segments.
There are two parts to the implementation of the scheme. In one, the SPVs will reach out to consumers having up to 3kW of load and the 40% non-subsidised portion of the capital cost would be loaned by the SPV. The excess power units that will be generated through the rooftop solar project on such households, monitored through virtual net metering, will go towards paying off the loan by the SPV.
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