Rs 240 bn worth solar business awaits companies in TN

The new solar energy policy unveiled by the Tamil Nadu government appears to offer business opportunities worth Rs 240 billion, and the companies are waiting to test the waters once the government specifies the intricacies of the new policy.

R Chellappan, managing director, Swelect Energy Systems Limited, Chennai, talked about two kinds of technologies that are being utilised by the solar power industry. “Thin film technology would cost about Rs 70 million to Rs 75 million per MW. But if the investors adopted silicon (poly or mono crystalline) technology, the cost might be in the range of Rs 75 million to Rs 80 million per MW. The advantage of the latter is that it requires less space compared to thin film based solar technology.”