“There are no major surprises in the budget for the solar industry. Reductions in Accelerated Depreciation and Section 80-IA benefits had been announced last year, and the budget is consistent with those announcements. While removal of those incentives can be expected to increase solar tariffs across the board, we are still expecting very strong growth in the industry in FY 2017-18, and particularly in the commercial and industrial rooftop and open access segments, based on strong fundamental economics for solar power, as well as a push from governments for solarisation of government rooftops and educational institutions. Particularly for rooftop solar, where CleanMax is the market leader, we expect FY 2017-18 to be a big year.”
- Andrew Hines, Business Development Head, South India, CleanMax Solar Pvt. Ltd.
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