LSS6 moves to address structural gaps

THE recently launched sixth large-scale solar (LSS6) programme is bigger and more complex, with battery energy storage systems now part of the programme. More importantly, some of its rules appear to address weaknesses that have emerged in earlier rounds.

One is the shorter shareholding moratorium. Allowing project owners to recycle capital earlier could make it easier for developers and investors to move money into new renewable energy (RE) projects. That matters in a sector where large amounts of equity can remain tied up for years.