Coronavirus scare: Solar sector faces the heat

Indian companies supplying solar panels are reeling under the impact of coronavirus, as a result of which projects are getting delayed.

Makers of equipment ranging from photovoltaic (PV) panels, raw materials such as steel to other accessories, told BusinessLine that they are facing delayed shipments post shut-down of manufacturing units in China and an increase in prices of solar equipment.

Ingrid Renewables, a solar inverter company, was expecting fulfilment of several orders by a Chinese supplier based in Hubei province. “Since the outbreak in January, shipments are stuck indefinitely,” he said.