Rising petroleum prices are expected to benefit renewable energy solution providers as commercial establishments that use diesel generator sets for their captive requirements may find solar power attractive.
The city gas distribution (CGD) players too expect commercial establishments to switch from diesel to piped natural gas in the areas where power supply is unreliable.
Several commercial establishments are now switching to solar solutions for their captive power needs as cost of solar modules is falling and the installation cost can be recovered within five years, industry officials said.
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