Lockdown effect: Industries adopt captive solar power to cut costs

Falling revenues and increasing electricity costs during the lockdown have forced a lot of companies across industries to shift to captive solar power generation to cut down on the recurring cost of energy, according to major solar end-to-end services players. Many companies have virtually managed to reduce their electricity cost to as low as the fixed cost, and see the payback on their investments in three-four years, these sources claim.