Government approves previously floated plans to allow renewable developers to invoke ‘force majeure’ clauses to win more time as virus continues to disrupt PV supply chains.
Source confirms reports claiming Actis is to take over large-scale portfolio, boosting market footprint for investor already targeting Indian solar through dedicated unit.
Taiwan has extended PV power project completion dates on component shortages caused by the coronavirus (COVID-19) outbreak in China, while India is expected to advise policy changes soon.
Exports of solar products from China in January 2020 were around 35% lower than in the prior year period, according to an accumulation of official export data, recently released.
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.