Module price increases, higher raw material costs and logistical challenges will pull down the return on equity (ROE) for 25GW of India solar projects, with 5GW of those at high risk given when they submitted their bids.
With developers facing months of delivery delays for Chinese solar parts, India has said it will consider extending deadlines for PV projects scheduled to be switched on this summer, relieving developers from costly fines.
Government adamant it will ‘not only meet, but also exceed’ 175GW-by-2022 goal despite predictions to the contrary by CRISIL, which warned policy swings are putting off investors.
After two years of tumbling solar tariffs hitting the headlines, the Indian industry is feeling the consequences of its risk-taking for the first time, with a series of reversing market conditions and contract renegotiations sparking serious concern.
Last week saw solar prices in India blast the Asian giant’s energy sector into a new era, but what happened to all the fears about project viability and unrealistic bidding? PV Tech caught up with financiers and analysts to discuss a new financial environment.
The losses of Indian distribution companies (Discoms) that have joined the government’s major rescue package Ujwal Discom Assurance Yojna (UDAY) could more than halve from their current level by FY2019, according to new research from global analysis firm CRISIL.
