The Ministry of New and Renewable Energy (MNRE) has announced to extend the deadlines for renewable projects currently under construction to provide relief to the sector in light of the COVID-19 pandemic. The duration of the lockdown and the time required to remobilise the workforce will be taken into consideration while granting the extension.
The announcement came in the wake of a complete lockdown on pan India for a period of 21 days from March 24, 2020 midnight, in an attempt to break the chain of coronavirus.The spread of coronavirus has not only disrupted the supply chain of components used in renewable energy projects but also has impacted the availability of workforce.In this context, the announcement of the extension of time will provide great relief to all the stakeholders in the renewable energy sector.
Industries, including the renewable energy sector, could potentially be hit hard by this lockdown as supply chains get disrupted due to the restrictions in movement.Renewable energy projects are also under stress because of the lack of manpower. Although they have been declared as an essential activity, power projects are only allowed to operate with minimum manpower.Earlier, the MNRE issued an official memorandum stating that time extensions in scheduled commissioning of renewable projects due to the disruption of supply chains will be treated as a ‘force majeure’ event.
The COVID-19 outbreak has had a major impact on the renewable energy sector. To read more about and track the key developments impacting renewables in the wake of the pandemic: