Solar capacity addition likely to lag 15% in FY2021: ICRA

The solar capacity addition in FY2019-20 has remained lower by about 15% than ICRA’s previous estimate (7-7.5 GW), mainly on account of the disruption in supply chain and execution disruption in Q4 FY2020 due to the Covid-19 pandemic.

Girishkumar Kadam, Sector Head & Vice President, ICRA Ltd adds, “The backlog of the awarded project pipeline continues to remain strong with more than 15 GW of aggregate project capacity, thus providing a healthy visibility on capacity addition over the next 2-year period.”