The Covid-19, SITUATION IMPACT ON INDIA’S RENEWABLE ENERGY INDUSTRY


India’s renewable energy industry, mainly solar is suspected to ascertain challenges ahead thanks to the Corona virus outbreak. Since, India trusted Chinese firms to provide about 80% of solar cells and modules utilized in the country, the viral outbreak will present the difficulty of depletion in staple supply to support Indian green energy future.

 

Supply disruptions, delays in production, delays in quality checks and transport of components thanks to the outbreak are already visible in China, which are leading developers to declare act of God . during this scenario, we should always be appreciative of the govt for supporting this measure to assist solar project developers.

 

As domestic solar manufacturers, we feel that although, Indian module manufacturing capacity can satisfy its own demand, prolonged slowdown in China will cause staple shortage and affect us also . Therefore, the govt should immediately turn specialist in building in-house manufacturing scale and making financial solutions available.

 

Corona virus outbreak has highlighted that counting on China or the other country to create a sustainable energy future for India isn’t viable. Only improving the manufacturing scale can cause success in establishing energy security and reliability. In such a scenario, it’s certainly an opportunity for India to intensify because the leading solar supplier for the planet . However, such a venture would require immediate and enhanced support in solving internal issues (safeguard duty, GST) and implementing favourable policies to require a position and aid in building domestic solar manufacturing capacities which will satisfy India’s domestic green energy requirement and help the country to take on a bigger role as a worldwide solar exporter.

 

 

 

 

 

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