$2.2B In Indian Solar Projects At Risk Over Coronavirus Outbreak

Indian solar projects worth US$2.24 billion risk incurring time and cost overruns, including penalties for missing commercial operation timelines, if the coronavirus outbreak continues to impact Chinese solar panel exports, CRISIL Ratings, an S&P Global company, said on Monday. India sources around 80 percent of the solar modules it uses from China, as per CRISIL’s analysis. The coronavirus outbreak, however, has disrupted Chinese production and exports of solar panels, solar modules, and other critical equipment for the solar industry.…