Covid-19 lockdown will affect India’s rooftop solar sector more than large-scale PV


From pv magazine India

Rooftop solar projects will likely take a harder hit than grid-connected PV installations amid India's nationwide Covid-19 lockdown, according to CARE Ratings.

The country's Ministry of New and Renewable Energy (MNRE) recently declared that utility-scale solar plants provide essential services. But CARE Ratings noted that the rooftop solar sector will still be adversely affected due to restrictions on movement under India's coronavirus lockdown.

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Most rooftop solar companies in India are small-scale businesses, so they lack the financial strength to absorb losses and meet additional working capital requirements under current conditions, the researchers added. 

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