Covid-19: Renewable energy sector may miss the capacity target for FY20
The renewable energy sector in India is expected to miss its capacity addition target for the fourth year in a row.
The sector, already battling headwinds, has to now contend with the spread of the coronavirus (Covid-19), which has caused disruption in the supply chain for some parts in the manufacturing of solar modules.
“India is dependent on Chinese firms for supply of about 80 per cent of solar cells and modules used in the country. Supply disruptions, delays in production, delays in quality checks and transport of components due to the outbreak are already visible in China, which are leading developers to declare force majeure,” Gyanesh Chaudhary, Managing Director, Vikram Solar, told BusinessLine.
