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As a majority of the Indian industries are located at dry & hot areas with huge space, solar based captive power plants can be set up by the facilities which will be more profitable.. Industries can also use captive power plants on rooftops or in parks or other open spaces to meet factories' lighting loads and pumping water requirements.

Top 10 Companies Using the Sun for Power

(Based on Megawatts Installed)

Target Corporation (147.5 MW). Target's goal is to increase its number of buildings with rooftop solar panels to 500 by 2020. The retailer currently has 300 buildings equipped with panels.

Walmart (145 MW). In 2005, Walmart's chief executive officer at the time, Lee Scott, said, “Climate change used to be controversial, but the science is in and it is overwhelming. Every company has a responsibility to reduce greenhouse gas emissions as quickly as possible.”

Prologis (107.8 MW). Prologis — an owner, operator and developer of industrial real estate — has put in more solar capacity than 27 different U.S. states.

Apple (93.9 MW). A former administrator of the Environmental Protection Agency (EPA), Lisa Jackson, is now the Apple executive overseeing environmental policy, social initiatives and worldwide government affairs.

Costco Wholesale (50.7 MW). The solar array on Costco Wholesale's warehouse in Lake Elsinore, Calif., covers 45,000 square feet, which will prevent 458 tons of carbon from going into the atmosphere every year. The developers have compared this to planting 112 acres of trees.

Kohl's (50.2 MW). As of the end of last year, retailer Kohl's had 163 solar power systems activated in 15 states.

IKEA (44 MW). Ninety-one percent of IKEA stores are powered by the sun.

Macy's (38.9 MW). By the end of 2016, Macy's is scheduled to install additional solar power systems on its facilities, for a total of 113.

General Growth Properties (30.2 MW). In 2015, real estate investment trust GGP reduced its overall carbon footprint by 23,200 metric tons of carbon dioxide, which is the equivalent of removing nearly 5,000 cars off the roads in the U.S.

Hartz Mountain Industries (22.7 MW). “Solar power represents both a means to be kinder to the earth by reducing pollution and is a significant factor in reducing our operational expenses,” said Emanuel Stern, president and chief operating officer for Hartz Mountain Industries, which deals in commercial real estate.