Solar projects at risk of missing deadlines, facing penalties due to coronavirus outbreak: Crisil
Mumbai: As many as 3 GW of solar projects worth Rs 16,000 crore could be at risk of penalties for missing their respective scheduled commercial operation date (SCOD) if the impact of novel coronavirus on trade with China prolongs, says Crisil.
According to the ratings agency, non-adherence to completion of timelines attracts penalties, including downward renegotiation of tariffs, as per the standards of PPAs.
