CRISIL

The trend will be sustained via strong demand, favourable policies, most likely enhancement in power efficiency, and also price competitiveness, claims CRISIL. Besides, with the federal government supporting domestic manufacturers with policy measures, their competitiveness relative to the Chinese is anticipated to boost.

As the federal government continues to concentrate on boosting the share of renewable resource in the nation, nearly 15,000 MW of wind-solar crossbreed capability is anticipated ahead up over the next 5 years, a new report by CRISIL has actually exposed. Out of this 15,000 MW, works on almost 10,000 MW are currently either unfinished or are hurting and also are expected to begin feeding the grid by financial 2024.

Expert warnings that India will be falling short of its renewable deployment targets have sparked a strong-worded rebuke from the government, which has slammed them as “ill-founded”

A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.