News
31 October 2018

Weak rupee threatens Indian solar projects

In:
Renewables
Region:
Asia-Pacific

Ratings agency Crisil has calculated that the weakening rupee is threatening the implementation of a pipeline of Indian solar projects worth Rs28,000 crore ($3.84 billion). The currency has declined 12.83% this year and 5.5GW of capacity tendered in the last nine months is at risk. Although module...

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