While the sun shines

THIS WEEK'S TOPIC: What will drive greater use of solar energy in business and industry?

Paul Lim Chief Executive Officer Soverus Group Private Limited

THE two key drivers behind any migration to the use of solar energy are business considerations and eco-social awareness. With advancements in technology, the cost per megawatt of solar energy will keep falling. In contrast, the costs of traditional sources of energy production keep increasing as natural fuels deplete over time.

More businesses and industries are finding it cost-effective to invest in alternative forms of energy production, including solar, as their returns on capital investments in the alternative infrastructure can be achieved in a shorter period of time. The second driver is increasing…