As an investor from a matured solar market in the West looking at India, Jonathan Selwyn, chairman of the UK retail investor-backed Downing Indian Solar EIS, discusses the experience of investing in Indian solar.
India’s ongoing demonetization scheme, which has divided opinion globally, looks set to improve the finances of Indian distribution companies (Discoms) in what could be a boon to the solar sector, according to consultancy firm Mercom Capital Group.
A shock demonetisation policy across India giving its population just 50 days to swap various cash notes for newly printed legal tender should not affect the solar industry, but there are accounts of other "unethical practices" in the sector, according to consultancy firm Bridge to India.
