The great games at play in wind and solar9 min read . Updated: 14 Jul 2020, 08:58 PM IST
- In the middle of a possible recession and a collapse in power demand, renewables are shining bright. Will it last?
- With long-term renewables contracts being seen as safe bets, especially during a pandemic, foreign capital that has few places to go to has begun chasing these assets
MUMBAI : In April, a week into the national lockdown—when factories and offices had shut, shops had closed and India’s 1.2 billion people stayed indoors—the country’s electricity demand crashed by 22%. Power generators scrambled to scale down operations and state-owned electricity utilities turned down expensive purchases. Punjab, for instance, told some of its solar power suppliers that they need not feed into the grid anymore, violating the “must-run" status bestowed on renewable power in the country’s energy mix.
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