Fitch: India solar developers, not affected by the epidemic

Solar photovoltaic (pv) net news: recently, fitch ratings agencies say in Covid - During the outbreak of 19, India's solar producers liquidity conditions largely unaffected, the delay of payment and the risk of cutting is not big.

fitch ratings said in a statement: so far, fitch ratings renewable energy electricity generators in India has been a regular payment received from their underwriting and distribution company, only in the aspect of payment delay and reduce minor problems, which affect the overall operation. And said that India's new energy and renewable energy ( MNRE) Requires India distribution company ( Discoms) Payment to renewable energy producers on a regular basis, as in Covid - Before 19 blockade, renewable energy power generation projects will have to run. India ministry ( 拖把) Ready to inject capital to state-owned distribution company, and ensure that pay payable in accordance with the command of the MoP, situation will be further improved.

according to fitch, Azure and adani green energy ( 印度阿达尼绿色EnergyRGs) Net is in good operation, solar energy, enough to maintain 6 - in the future The basic operation of the 12 months. Azure and AddieGreen EngultRGSs installed capacity of more than 60% with the Indian state of solar co. , LTD. ( SECI) And India's national thermal power co. , LTD. ( NTPC) Sign the contract, the rating result ( BBB - /Stable） Are good payment record state-owned distribution company, China solar energy network, solar energy, is unlikely to delay the payment to the generators.

fitch said, at present is not foreseen that India will seek to renegotiate PPA contract during the period of the outbreak of significant risk, because it will break the contract, can bring unbearable to most people. And said, solar equipment, fall in demand for electricity is short and Indian demand is growing, it needs more private capital to support the new project. Any contract renegotiation can produce adverse effect to private investors, and damage to the nation's internal infrastructure construction of sustainability. Fitch said, breaking the existing contract effect also can't afford for most states, this will prevent them from seeking the change of PPA.

there are concerns that India may because long-term serious payment distribution company, damage the Indian solar developers funding liquidity, weaken its credit situation. If, electricity demand fell sharply and recovery, the risk will increase. But at present, the extreme cases ( If forced to close factories or off-take don't pay) Risk is still very low, don't pay any factories closed or off-take sides short, because producers have repayment reserve or India's loan can be obtained at any time.

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this paper statistics the September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. Among them, the EPC project owner units is given priority to with soe/state, this also reflected from the side, in project bidding and parity, the state-owned enterprises have become the absolute main force. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group solar energy, the people vote for a 200 mw, 190 mw hubei energy group, huaneng power 180 mw