The nation added a year-high of almost 450 MW of new capacity during the month to take the five-month total for 2020 to 1,926 MW. The solar subsidy will fall another 1.4% from tomorrow.
Vaibhav Pratap Singh, senior analyst from South Asian thinktank the Council on Energy, Environment and Water, tells pv magazine about the impact of the coronavirus pandemic on the Indian solar sector, green finance and other investment prospects.
Plus, one Australian installer says residents who had installed solar and storage at home will be cushioned against thumping, coronavirus-related electricity bill rises this quarter and there are signs of recovery in overall energy consumption levels.
The government is said to be working on amending its renewable energy legislation to enable people without their own roofspace to benefit from the solar boom.
Cell supply shortages could kick-start manufacturing activity in India, EV car sales are braced for a fall while still gaining market share and a new date has been set for the world’s biggest solar trade show.
Installers which took advantage of cheaply-priced government finance say customers affected by the Covid-19 crisis cannot afford to pay for the solar home systems they have rolled out while expanding renewables programs.
Pure EVs had begun to claim a rising market share before coronavirus containment measures decimated sales last month. Even in the face of an 88% monthly fall in EV sales from March to April, however, clean energy models fared better than petrol and diesel sales.
Solar forecasting company Solargis says the insight offered by Covid-19 industrial shutdowns into a renewables-driven future serves to emphasize the value of the chief commodity it trades in – data.
SFCE has revealed, in a string of stock market updates this year, the coronavirus pandemic is complicating its efforts to sell off PV projects fast enough to pay off creditors.
The Israeli inverter maker again posted a robust set of quarterly figures but is anticipating a dip in performance during the current three-month window as pandemic-driven lockdowns take effect in its markets.
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