Kushagra Nandan, Co-Founder and Managing Director, at leading developer SunSource Energy, known for providing solar-based energy and storage solutions, and Vineet Tyagi, Head Sales & Marketing at solar manufacturing company, Insolation Energy, add their voice to the challenge for developers from rising costs. Ketan Mehta, Managing Director & CEO, Rays Power Infra points out that, “The rising module prices will likely demand that solar developers have enough capital. The tariffs will need to increase. It is essential that while bidding, more practical & realistic cost assumptions are made. Projects are won at low tariffs backed by aggressive modules. Therefore, cost assumptions may face serious viability challenges, and implementation might slow down

However, where most see the challenge, Kushagra retains the spirit of optimism and perceives opportunity, “However, if we look at the larger picture, this has also provided our country an opportunity to build domestic infrastructure.

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