Rising copper prices challenge India’s renewable energy sector 

Amid escalating copper prices, India’s renewable energy sector faces rising costs and budgeting challenges. In recent months, copper prices have surged due to increased manufacturing activity in China and the US, coupled with new US sanctions on Russian copper imports. 

Kannan Krishnan, joint managing director of Jackson Green, told ET Energy World, “Over the last year, copper prices have increased by 20%, driven primarily by increased manufacturing activity in China and the US, along with fresh US sanctions on copper sourcing from Russia. These high copper prices adversely affect project costs.”