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: editors@pv-magazine.com.
4 comments
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.