Affected by the epidemic, India's 3000MW new energy power generation project faces delays

According to Wood Mackenzie Consulting, India may face delays in 3,000 MW photovoltaic and wind energy projects supplier generator diesel 1500kva selangor due to the impact of the coronavirus epidemic.

The research and consulting company pointed out that because the first quarter is usually one of the busiest periods for most efficient diesel generator wind energy project installation. Analysts said that the epidemic will postpone certain projects until the summer. If the epidemic is extended beyond April, the construction of wind farms may be further postponed to the monsoon season, where wind energy installations are usually the lowest during the monsoon season. "

As the construction of impotance of power generator set planned to be completed in 2020 exceeds 3 GW, the current epidemic and labor disruption may postpone the 400 MW project to 2021, which is equivalent to a reduction in the construction ratio of 11% in 2020.

India's photovoltaic industry is also expected to suffer a heavy blow, because the industry is heavily dependent on the supply of Chinese photovoltaic modules (accounting for 80% of the total).

"The current supply and labor disruptions will have a huge negative impact on construction in 2020. The first quarter is expected to be severely affected, compared with about 3GW in the first quarter of 2019, a year-on-year decrease of 1.2GW." Analysts said.

As supply and logistics bottlenecks still exist, Wood Mackenzie Consulting remains cautious about the prospects of the Indian photovoltaic industry in the second half of the year. Therefore, its annual decline was 2.9 GW, a decrease of 24.8%.

The Indian states with the highest rates of coronavirus infection also correspond to regions that are conducive to the development of wind and solar energy. Gujarat added 58% of wind energy or 1.4 GW of new wind energy to India in 2019. As far as the impact of the coronavirus epidemic is concerned, Gujarat is one of the ten worst-hit states.

In terms of solar energy, Karnataka (2.0 GW), Tamil Nadu (1.6 GW) and Rajasthan (1.7 GW) are the top three states, accounting for 55% of solar photovoltaic installed capacity in 2019.

Wood Mackenzie Consulting said, "Analysts believe that the current support measures taken by the Indian government to alleviate the economic downturn are necessary, but if the epidemic continues to escalate, it will adversely affect the cash flow of photovoltaic and wind energy companies."