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.
The nation’s Ministry of New and Renewable Energy has reiterated that clean energy projects have not been affected by falling electricity demand as a billion citizens have been ordered to stay at home.
In a recent interview with pv magazine, K.R. Harinarayan – the founder and CEO of U-Solar Clean Energy – discussed the impact of India’s Covid-19 lockdown on the company’s solar EPC projects, and how the Bangalore-based PV developer is utilizing this time productively.
Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flows are down by considerable margins on all metrics.
pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.
Solar Energy Corp. of India has tendered two floating PV projects with a combined capacity of 15 MW. The two plants will be deployed at a storage reservoir (10 MW) and an open-cast project void (5 MW) in the Indian state of Telangana.
The clarification came after states across the country reacted to the power ministry’s recent call for a moratorium on conventional power payments by stopping payments and curtailing renewable power.
Yinson will pay Rs 554 million ($7.3 million) for a stake in New Delhi-based Rising Sun Energy, which operates two PV plants in the massive Bhadla Solar Park in the Indian state of Rajasthan.
pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.
The Asian Development Bank says developing countries in Asia and the Pacific should consider developing their own solar industry supply chains as the Covid-19 pandemic has exposed their over-reliance on China to carry through the energy transition.
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