Over 3,000 MW Indian solar projects face the coronavirus heat
About ₹16,000 crore worth solar projects, adding up to a total capacity of 3,000 MW, could be at risk of penalties for missing their respective scheduled commercial operation date (SCOD), if the impact of the coronavirus outbreak on trade with China prolongs, according to an analysis by Crisil.
India sources about 80 per cent of its solar modules from China, where trade has been impacted by measures implemented to combat the spread of the virus.
Crisil pointed out that measures such as the restricted movement of people and shutdown of factories have disrupted module manufacturing in China and its feeder industries.
The clampdown has forced several manufacturers to run their plants at low utilisation, or to stall operations altogether. Indeed, even the modules already manufactured are facing delays in transit to project sites on account of precautionary restrictions at ports.
