Solar capacity addition in 2020-21 likely to be 15% lower at 5.5 GW: Report

Solar capacity addition in the current financial year is likely to be 15 per cent lower at 5.5 gigawatts (GW), mainly due to the Covid-19 pandemic that has impacted the supply chain as well as execution of projects, according to a report by rating agency ICRA.

The solar capacity addition in 2019-20 was also 15 per cent lower at 6.5 GW than its earlier forecast of around 7-7.5 GW.

"The domestic solar capacity addition in FY2020 has remained lower, mainly on account of the disruption in supply chain and execution disruption in Q4 FY2020 due to the Covid-19 pandemic.

"The