India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins. Extreme weather events seem to have become the latest risk to Prime Minister Narendra Modi’s renewable energy goal to quadruple solar power generation to 100 gigawatts by 2022. FloodingThe South Asian nation has been witnessing a rise in unexpected weather events. That’s left the financial sector worried, which has been betting big on solar power given the number of sunny days the country experiences.

Source: Mint July 17, 2019 05:15 UTC