Solar capacity addition in the current financial year is likely to be 15 per cent lower at 5.5 gigawatts (GW), mainly due to the Covid-19 pandemic that has impacted the supply chain as well as execution of projects, according to a report by rating agency ICRA.
The solar capacity addition in 2019-20 was also 15 per cent lower at 6.5 GW than its earlier forecast of around 7-7.5 GW.
“The domestic solar capacity addition in FY2020 has remained lower, mainly on account of the disruption in supply chain and execution disruption in Q4 FY2020 due to the Covid-19 pandemic.
“The solar capacity addition in 2020-21 is further expected to remain subdued given the continued execution challenges post lockdown restrictions since March 2020, which have resulted in disruption of supply chain as well as labour availability issues,” the report said.
