Market trends

Impact of COVID-19 pandemic on the Indian renewable sector In the wake of the COVID-19 pandemic, the Indian renewable sector is dealing with rising uncertainties. Because of lockdown, the sector is grappled with falling power demand, poor health of DISCOMs, supply chain disruption for under-construction projects, shortfall of labor, delays in equipment supplies, delay in land acquisition activities, etc. In Q1 2020, the solar and wind installations dropped significantly with addition of only 720 MW of solar and 188 MW…

FY2020 solar and wind installations fell short of the target by 26% As per MNRE, in FY2020 (April 2019 till March 2020), about 5.7 GW of new utility-scale solar capacity was added in India. This is about 24% lesser than the government target of 7.5 GW set for this year. Compared to previous year installations, FY2020 installations are also marginally lesser (~1%). In FY2020, Rajasthan added a maximum capacity of 1.8 GW, followed by Tamil Nadu with 1.3 GW addition…