Coronavirus outbreak poses further concern for solar energy sector: Icra

Ratings agency Icra on Monday said the outbreak of deadly coronavirus poses concern for domestic solar developers and original equipment manufacturers (OEMs) due to disruption in supply chain for key components used for manufacturing solar modules.

The solar energy sector is already facing several headwinds because of the long delays by state distribution utilities in making payments, Icra said.

“The COVID-19 (coronavirus disease) outbreak in China has posed one more concern for both domestic solar developers/IPPs as well as module OEMs, due to ongoing disruption in the supply chain for key components used for manufacturing of solar modules,” Icra in a statement.