Renewable energy sector in the country appears to be facing the brunt of a weak economy, as there has been tardy progress in new capacity addition during the current financial year. Given the slow progress during the first four months of current financial year, the sector may miss the capacity addition target for the second consecutive year. The solar sector is facing the heat of economic crisis. Currently wind power sector continues to lead the new capacity addition. “The fundamentals of the solar sector have shifted. After years of panel price drops, module prices have gone up this year by about 10 per cent, while the rupee has fallen about nine per cent. As this occurs, policy, with all its changes and delays have not been able to keep up with the rapidly changing solar market environment,” said a report of Mercom Capital.
Posted on: Mon, 09 Sep 2013 15:46:48 +0000
Trending Topics
Recently Viewed Topics
© 2015