Connect with us

Hi, what are you looking for?

CleanTechnica
Image: Zach Shahan - CleanTechnica

Clean Power

Coronavirus Outbreak Could Hit India’s Solar Growth

The Coronavirus crisis in China will likely have far-reaching ramifications across the world as manufacturing has slowed down sharply. Among the various sectors likely to feel the pinch of this spreading disease is the solar power sector.

The Coronavirus crisis in China will likely have far-reaching ramifications across the world as manufacturing has slowed down sharply. Among the various sectors likely to feel the pinch of this spreading disease is the solar power sector.

Image by Zach Shahan, CleanTechnica.com

Among the fastest growing solar power markets in the world is India, and developers there are staring at delays of several of months for delivery of plant equipment. Multiple developers have told news agencies that they have been warned of delays and that this would push back the commissioning of projects.

India plans to achieve 100 gigawatts of operational solar power capacity milestone by December 2022. At the end of 2019 the country had an installed capacity of 34 gigawatts, leaving a gap of 66 gigawatts to be filled in 36 months.

According to multiple international news sources, most Chinese solar equipment manufacturers have yet to reopen facilities at the extended break over Lunar New Year. Like several other major solar power markets, India has a large dependence on Chinese products.

An analysis by PV Magazine showed that China accounted for 78% of all solar cells and modules imported into India. China remains a highly dominant suppliers of solar cells and modules despite the safeguard duty levied by the Indian government. Before the safeguard duty was in place, China’s share of Indian imports was higher than 90%.

Several observers claim that slowdown in manufacturing is only a part of several potential delays in the entire supply chain. Increased screening could delay shipments at ports as well.

Shipment delays isn’t the only potential headache for developers. Long-term shutdown of manufacturing facilities could drive prices of raw materials and modules impacting financials of projects.

In this time of crisis the developers are expected to turn to the government for some relief. The Ministry of New and Renewable Energy has told media agencies that delays due to COVID-19 shall be treated as a force majeure event and that relief will be provided to affected developers.

Even before the COVID-19 spread India had been struggling to keep pace with the installation targets. The country now faces a tough task to even achieve a sizeable portion of the said target by the set deadline.

 
Check out our brand new E-Bike Guide. If you're curious about electric bikes, this is the best place to start your e-mobility journey!
 
 
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Advertisement
 
Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Clean Transport

Technology advances are breaking all kinds of patterns. One notable improvement is more that women are to be found in automotive workplaces in India,...

Clean Power

Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in...

Aviation

As VinFast,  a Vietnamese EV company, announced its plan to open more than 50 stores across France, Germany, and Netherland at EVS35, the Audi...

Clean Power

Government-owned Hindustan Salts has invited bids for the development of 1 gigawatt of solar power capacity.  Hindustan Salts has floated a tender inviting developers...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.