Rupee Drop Imperils $670 Million Solar Projects

Rupee Drop Imperils $670 Million Solar Projects

Dhiraj Singh/Bloomberg

An employee collects a laminated solar panel from a module lamination machine on the solar photovoltaic module production line at the Tata Power Solar Systems Ltd. manufacturing plant in Bangalore, India. Ajay Goel, chief executive officer at Tata Power Solar Systems, said as much as 80 percent of module components such as anti-reflective glass have few or no local substitutes, raising costs.