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India s renewable energy growth stalled by delay in signing PSAs
April 08, 2021
As per the report, nearly 19GW of renewable energy capacity tendered by Solar Energy Corporation are yet to be signed by discoms. Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of India’s renewable energy capacity, jeopardising the Government’s target of 175 gigawatts (GW) by 2022, dampening investor confidence and threatening the viability of projects.
According to the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research, PSAs for nearly 19GW of renewable energy capacity tendered by Solar Energy Corporation of India (SECI) are yet to be signed by state-owned distribution companies (discoms). Manufacturing-linked solar projects account for the majority (63%) of this capacity.
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