Unsigned Power Sale Agreements – A Major Hurdle for Growth in the Solar Sector
Despite falling tariffs, SECI has a huge backlog of PSAs piling up
February 26, 2021
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The Indian solar industry added just 3.2 GW of solar in 2020 as the market slumped by 56% due to COVID-related disruptions. However, Mercom expects 2021 and 2022 to be two of the strongest years to date. But, the reluctance of the distribution companies (DISCOMs) to sign power sale agreements (PSAs) with the Solar Energy Corporation of India (SECI) is threatening to slow down growth.