Between March 2015 and March 2020, the renewable energy (RE) sector logged a scorching pace as strong government thrust, falling costs and strong investor interest took the installed capacity to 87 GW from 39 GW.
In the last 12-18 months, however, the prospects have clouded up somewhat, given execution challenges, delay in discom payments, tariff renegotiations, and issues in availability of finance.
To address some of these issues, the government had announced a few near- and long-term measures. However, the Covid-19 pandemic struck before these measures could minister the investment growth trajectory back on track.
As things stand, there is also a growing risk of demand-supply mismatch as penetration of RE in the overall electricity supply mix rises.
All this calls for an integrated energy approach, encompassing an enabling policy and regulatory framework and varied market-led mechanisms.
To help stakeholders gauge the evolving situation and chart the path forward, CRISIL Infrastructure Advisory is conducting a webinar, where its experts will delve into:
Impact of recent policy and market measures announced by the government
Measures to tide over the covid-19 pandemic
Recent trends in bid tariffs and their economics
CRISIL’s view on measures necessary to ensure sustainable growth in the sector