Applications & Installations

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

Installations are set to fall in India’s rooftop PV sector, even after the current coronavirus lockdown is lifted, as consumers will continue to grapple with financial constraints, according to a newly published research report.
Uma Gupta
By
Uma Gupta
A rooftop solar project by MYSUN | Image: MYSUN

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.

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. 

For the full story, please visit our pv magazine India website.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Written by

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].

Comments

PV relief for sub-Saharan Africa amid Covid-19 Pandemic | AFSEA
Apr 22, 2020

[…] lockdowns being imposed across Africa in a bid to slow down the spread of Covid-19 could fast-track the adoption of solar power rather than fossil fuels in the continent, […]

Reply
Your Monday Briefings: All the Solar News (Week 17)
Apr 21, 2020

[…] COVID-19 Lockdown Will Have Bigger Impact on the Rooftop PV Than Utility Scale PV in India […]

Reply
Covid-19 daily bulletin: Renewables squeezing out fossil fuels as energy demand plunges – pv magazine International – RocketNews
Apr 15, 2020

[…] generation have been driven by the recent grid connection of renewable plants in combination with Covid-19 dampening energy demand. High volumes of solar power generated in Germany over the weekend squeezed […]

Reply
» Covid-19 daily bulletin: Renewables squeezing out fossil fuels as energy demand plunges – pv magazine Internationalsolarequipmentinstaller.com
Apr 15, 2020

[…] generation have been driven by the recent grid connection of renewable plants in combination with Covid-19 dampening energy demand. High volumes of solar power generated in Germany over the weekend squeezed […]

Reply