
India's solar energy sector is facing significant challenges due to a shortage of power transformers. The scarcity is hindering the progress of several solar projects across the country. The shortage has been worsened by rising demand and supply chain disruptions, impacting the timely completion of solar installations.
According to a report by Mercom India, the scarcity of transformers is slowing down the pace of solar project development, which could affect India's ambitious renewable energy targets. Prashant Mathur, CEO of Mercom India, highlighted the severity of the situation, stating, "The transformer shortage is a critical bottleneck in the solar sector. Without adequate supply, project timelines are at risk, which could delay the country’s overall renewable energy goals."
The demand for power transformers has surged due to the rapid expansion of solar capacity. However, manufacturers are struggling to keep up with this demand, partly due to disruptions caused by the COVID-19 pandemic and logistical issues. This supply-demand gap is causing delays in the procurement and deployment of essential infrastructure.
Industry experts warn that if the shortage continues, it could have long-term implications for India's solar industry. Potential delays might deter investors and slow down the momentum that the sector has gained over recent years.
Efforts are being made to address these challenges. The government and industry stakeholders are exploring ways to enhance domestic manufacturing capacity and streamline supply chains. Sunil Rathi, Director of Waaree Energies, emphasized the need for immediate action, stating, "Strengthening local manufacturing and ensuring a steady supply of transformers is crucial for maintaining the growth trajectory of the solar sector."
Addressing the transformer shortage is vital for India to meet its renewable energy targets and reduce dependence on fossil fuels. As the country strives to enhance its clean energy infrastructure, overcoming these supply chain issues will be essential for sustained progress.
Source: mercomindia.com