Wednesday
July 17
2019

Freak Weather Poses New Risk to India’s Renewables Goals

By Anindya Upadhyay

India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather.

Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins. A storm in India’s Rajasthan state, known for its deserts and sunny days, tore through a solar park and blew away modules of various developers. In the adjoining state of Madhya Pradesh, a generator found sections of his project submerged in 10 feet of water due to unseasonal rains.

Photo courtesy of Abbie Trayler-Smith.

Source: Bloomberg (link opens in a new window)

Categories
Energy, Environment
Tags
climate change, emerging markets, energy sector, environment, renewable energy