Budget Reaction from Adarsh Das, Co-Founder and Chief Executive Officer, SunSource Energy – EQ Mag Pro
As an industry, we welcome the inclusion of ‘Climate action’ as one of the key pillars of the budget. Several important announcements such as an additional allocation of Rs. 19,500 crore for the PLI scheme for module manufacturing, sovereign green bonds for funding solar projects, and a robust battery swapping policy will pave the way for reaching the target of 500 Gigawatts (GW) of non- fossil energy capacity by 2030 and achieving net-zero by 2070.
Additionally, the move to provide infrastructure status to data centre and energy storage system will help facilitate cheaper credit for digital infrastructure and clean energy storage. As an industry we support indigenous manufacture of solar modules. The clarity on import duty on solar cells and modules will help the local manufacturing capacity ramp up to meet both Indian and global demand for solar modules. While the higher duty will increase the cost of setting up solar plants, we believe long-term it would be a net positive for Indian industry and Developers.
Adarsh Das is the CEO and Co-Founder of SunSource Energy, one of India’s leading distributed solar companies. He is a passionate advocate of solar energy and a firm believer in sustainability.
Adarsh played a critical role in successful equity raise from leading domestic and international investors to scale up SunSource Energy. Under his leadership, SunSource has grown exponentially and has expanded its footprints across 6 countries.
Adarsh’s last role prior to SunSource was at DTE Energy, a Fortune 500 energy company where he helped shape solar business strategy and launched project development focused on utility-scale solar projects. His renewable experience extends over 20 years and has worked with well-known solar companies such as SELCO, GE Wind, Booz Allen Hamilton, and Solectria.
His background in solar engineering and research, project financing, and extensive implementation experience in solar power plants across the globe make him one of the leading lights of the international solar energy fraternity.
He is a sought-after speaker at major global platforms and frequently contributes to top publications. Adarsh has an MBA from Ross Michigan, Ann Arbor, an MS in Solar Engineering from the University of Massachusetts, and a B. Tech in Energy Engineering from the Indian Institute of Technology, Kharagpur.
