AFTER A HALVING of the pace of solar capacity addition so far in the current fiscal year, which caused doubts whether investor interest in these projects and lenders' support to them have waned, the remainder of the year will see the sector gathering momentum again, several analysts and industry executives said.
They attributed the optimism to a moderation in solar module prices that have cut project costs, and a recent pick-up in tendering of new projects after a lull witnessed in the last two financial years. Also, among the new projects being bid out, the share of those that could address the problem of intermittency of supply characterized by renewable energy projects is likely to be high.
Policy initiatives have also helped reinvigorate the sector, they said, citing the facility to source modules from suppliers that are not on the Approved list of Models and Manufacturers (ALMM) also, for projects to be commissioned by the end of FY24.
"Compared to FY19 and FY20, solar tendering activity dropped in FY22 and FY23. However, it has subsequently picked up in the current year. So capacity addition in solar is likely to be back-ended in the current year," Pritesh Vinay, director-finance, JSW Energy told FE.
هذه القصة مأخوذة من طبعة December 08, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 08, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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