The Ministry of Finance has clarified that projects affected by the Coronavirus breakout would be given relief by way of extensions in project completion timelines under Force Majeure provisions. The announcement is not a surprise as the resultant business disruption, clearly outside the control of the project developers or the equipment suppliers, has severely impacted equipment shipments and installation activity. Module, inverter and other material shipments are delayed across the board and there is no clear visibility over how long the disruption would last.
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India’s total utility scale solar and wind capacity reached 77,082 MW by 30 June 2021. New capacity addition in the last 12 months was 6,530 MW, up ...
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