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Lack of photovoltaic modules slows down projects in solar power sector

Sources said leading project developers, including state-owned NTPC, were not getting enough domestic suppliers for their tenders to procure solar modules

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(Photo: Bloomberg)

4 min read Last Updated : Sep 04 2022 | 11:26 PM IST

Developers of solar power projects are facing uncertainties because the supply of solar photovoltaic (PV) modules has fallen way behind the demand, with significant cost hikes to boot.

Sources said leading project developers, including state-owned NTPC, were not getting enough domestic suppliers for their tenders to procure solar modules.

This has hit close to 20 Gw of solar power capacity in the pipeline since last financial year and several project developers could look at a cost hike, resulting in revisions in tariffs at which they won the projects.

This list includes record low-tariff projects such as the 200-Mw one NTPC

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