Solar energy is quickly gaining popularity as a mainstream alternative energy source. In India, a large number of industrial players have already installed solar energy systems and are reaping the rewards of harnessing free solar energy. However, the cost of deployment has emerged as a significant obstacle for the Indian players despite the government's aim for decarbonizing the energy infrastructure. According to reports, financial institutions are skeptical about lending money for solar projects because of concerns about the businesses' ability to repay debt under the CAPEX model, which requires a large upfront capital investment, or to uphold long-term power purchase agreements under the RESCO model apart from state renewable energy policies including but not limited to Net Metering. This, in turn, is impeding the industrial off takers wide¬spread transition to solar power.
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