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Explained: Why A Supreme Court Judgment To Protect An Endangered Bird Species Is Bad News For Solar Energy Projects In Rajasthan
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Renewable energy players trip up over SC order - The Hindu BusinessLine
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Solar power majors get $3-billion shock from Supreme Court order
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Developers estimate the total cost to change the existing overhead wires to underground cables at ₹22,000 crore (approximately $3 billion), requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
Agencies
Emails to SB Energy, ReNew, Adani Green, Acme Solar, Hero Future Energies and NTPC were not answered till press time on Monday.
A Supreme Court order that requires overhead power lines to be taken underground in the habitats of a critically endangered bird is likely to hurt the financial viability of solar projects in Rajasthan and Gujarat. Developers estimate the total cost to change the existing overhead wires to underground cables at Rs 22,000 crore, requiring a tariff hike of 10-15% if they have to bear this entire cost, industry insiders said.
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