The fact that there is an energy crisis brewing and the oil prices have been shooting up, provides an opportunity for renewables to take off, like never before.
Why do we say that …?
Well, for one, the economic feasibility of deploying solar has never been so compelling ever. At the current times, price of generating electricity via solar is about 35% cheaper than using a Diesel generator. And about 5-10% cheaper than using conventional (grid) electricity.
A lot depends on the region that you are deploying solar in as well. But broadly speaking, given the math – it is extremely compelling to go solar at this time in almost any geography in India.