According to the latest report from the International Energy Agency (IEA), India’s solar installations will be 23% less than new installations in 2019 by 2020, and the largest decline in distributed photovoltaic installations is expected. However, the report predicts that the market will rebound in 2021 and the capacity increase will exceed 2019 levels.
The report attributed the slowdown in solar photovoltaic and wind energy development to the poor financial status of state-owned Discoms, and the Covid-19 crisis put more pressure on them.
flap disc manufacturer,aluminium oxide flap wheel,zirconia abrasive belt,fiberglass backing pads
"In India, Covid-19 is exacerbating existing challenges related to the financial situation of power distribution companies that play a crucial role in both the scale of utilities and the deployment of distributed photovoltaics. In addition, India’s strict blockade measures It is expected to lead to delays in wind and photovoltaic projects, so compared with 2019, the growth of installed capacity in 2020 will slow down."
The report said that despite the government’s efforts to strengthen Discoms’ performance, the outstanding amount of all generators increased by 48% in 2019, while for renewable energy generators, this cost has almost doubled. This trend is in 2020 It continued in the first quarter of the year.
It added that Discoms’ poor financial status has led to the slow development of distributed photovoltaics, delays in signing new power purchase agreements with solar developers and renegotiation of contracts.
flap disc manufacturer,aluminium oxide flap wheel,zirconia abrasive belt,fiberglass backing pads
IEA's preliminary estimates indicate that demand may drop by 6% year-on-year in 2020, which further exacerbates Discoms' already challenging financial situation. The disruption of the supply chain and strict blockade measures have forced many workers to return to their hometowns, complicating the situation.
Therefore, the IEA expects that the construction of utility-scale projects will slow down.
The report pointed out that, in addition, macroeconomic challenges may reduce the willingness of power consumers to invest in distributed photovoltaics.
flap disc manufacturer,aluminium oxide flap wheel,zirconia abrasive belt,fiberglass backing pads
As increasingly severe challenges hinder faster growth, the International Energy Agency reduced the new installed photovoltaic capacity in 2020 and 2021 by 19% from previous forecasts.
Henan Sanders Abrasives Co.,Ltd was founded in November 2016, is a professional manufacturer of emery cloth processing. Our company main products are: Radial Flap Disc,Flap Disc,Flap wheel,Flap Wheel with Shank,Abrasive Belt and Kinds of Fiberglass Backing Plate.With decades of technological innovation and honed, the company successfully developed and built Flap Wheel,Flap Disc production line and Fiberglass Backing Plate production line, successfully realized the large-scale production of abrasive polishing tools.
Our company sales network has been initially established throughout the countries and has been successfully exported to Europe, America, Southeast Asia and other regions. On the basis of guaranteeing the quality, with good reputation and good service, the company has won the extensive recognition of the colleagues in the industry.
Wechat Service
