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.
U-Solar on making the most of India’s Covid-19 lockdown
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.
Utility-scale floating PV for Indian coal mines
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.
Indian government asks utilities to maintain payments to power producers
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.
Malaysia’s Yinson acquires 37.5% stake in Indian IPP
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.
Covid-19: Revenue dip could spell trouble for Indian PV producers
Sliding electricity demand and declining commercial and industrial activity in India could prompt distribution companies to block or delay payments to solar power producers.
Indian company launches 700 MW solar tender
Gujarat Urja Vikas Nigam Ltd. has opened bids to develop 700 MW of solar capacity in India.
Belectric commissions 250 MW of solar in India
The utility-scale PV project, which Belectric built for Fortum Solar India across five sites, is the largest amount of solar capacity that the German EPC services provider has commissioned in the country thus far.
India mulls alternatives to bank guarantees for PV projects
Lobby group the National Solar Energy Federation of India has welcomed the move and asked the Ministry of New and Renewable Energy to extend any such measures to existing contracts to help developers meet working capital requirements.
Optimistic solar outlook in India dimmed by Covid-19
Developers are also expected to drag their heels over project completion during the first half of the year as the safeguarding duty applied to imported Chinese and Malaysian solar products is due to expire at the end of July.
