Power demand in India to fall 5% to 6% in FY21 due to COVID restrictions: ICRA. 5.9GW Solar capacity added in FY20, 6.6GW to be added in FY21 in India.
Corporate funding in Solar falls 76% in H1 2020.
Operation of Electricity Futures permitted in India.
Power demand slump reduces to 2.6% in July. Average spot price on IEX drops to Rs 2.35/unit.
Power consumption dips 9.74% but the slump narrows.
Rapid acceleration of innovation in clear energy technology needed to meet net zero target: IEA.