RENEWABLE ENERGY

India’s solar PV installations to fall by 23 per cent in 2020: IEA

India’s solar photovoltaic (PV) deployment is set to decrease by 23 per cent in 2020 as compared to 2019, with the largest drop anticipated in distributed PV installations, according to a latest report by the International Energy Agency.

It, however, added that a rebound was expected in 2021 with capacity additions exceeding 2019 levels.

“Challenges concerning the financial health of state-owned companies responsible for the distribution and sale of electricity (DISCOMs) persist, hampering faster growth of renewables. The Covid-19 crisis has put additional pressure on DISCOMs and therefore on solar PV and wind development. A rebound is expected in 2021, with capacity additions exceeding 2019 levels,” according to the report titled ‘Renewable energy market update’.

It added that despite government efforts to strengthen the performance of discoms, the pending payments due to all electricity generators increased by 48 per cent in 2019, and almost doubled in the case of renewables generators, a trend that continued in the first quarter of 2020.

Source
ET Energy World
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