Solar project costs may rise 20% over next 6-8 months due to domestic sourcing, West Asia conflict: ICRA

ICRA said domestic cells are around ₹5-6 per watt costlier than imported cells, while module manufacturers are facing weak offtake, falling prices and subdued export prospects. The ratings agency expects renewable energy generation to cross 35% by 2029-30, but flagged transmission constraints and slower capacity awards as key risks.