MYSUN is an innovative technology platform for distributed solar solutions and services focused on large C&I clients on one hand and the under-solarized but huge SME and homes market on the other. It operates India’s largest online rooftop solar platform.
“This Union Budget 2022 promises a lot towards a green economy and announcements made related to battery swapping or its storage, are the steps in a positive direction. The Finance Minister’s decision to allocate 19,500 crores to boost the manufacturing of Solar Modules under the PLI Scheme is an encouraging step to incentivize local manufacturing. To attain 280 GW of installed solar capacity by 2030 is an ambitious goal and to fulfill promises made by Hon’ble Prime Minister at COP26 this initiative is a big step in that direction.
Another interesting announcement was the financial support for setting up Distributed Renewable Energy projects in border villages, which will help in their electrification. The announcement of green bonds was another welcome step. Overall, while the budget definitely pushes the envelope in the direction of a more sustainable economy, we will have to wait and watch out for the implementation and appropriate policies to enable the change.” – Mr. Gagan Vermani, Founder & CEO – MYSUN