Most critical barriers for Development of Solar Power projects

Most critical barriers for Development of Solar Power projects

The five most critical barriers which could be addressed in the short term, according to the developers are;

• The Power Purchase Agreement could be made bankable so that the financing of these projects would become easier.
• The minimum and maximum capacity to be developed by a single developer could be ascertained based on the prior installation experience of the developer worldwide to achieve higher success rates.
• The Domestic Content criterion could be removed for the first phase to create competition and this could possibly result in deployment of technologies which are already commercialised and have operational experience abroad.
• The state nodal agencies could be involved to a larger extent and single window clearance could be enabled to cut down on lead times faced by the developers at each step
• A single government or semi –government financing agency could act as the focal point for all applications to be processed (after detailed technical and commercial due diligence) and then other financing institutions could take up these projects for financing.