Leading renewables cos manage payment delays for now
Leading renewable energy producers are managing the stress arising from payment delays by distribution companies (discoms) in Andhra Pradesh and Telangana because of their diversified operations and financial flexibility.
Defaults due to legal interpretation a threat to securitisation market
Recent defaults on some securitised instruments, triggered by a particular interpretation of recent Bombay High Court orders by an originator, pose a significant risk to the securitisation market and can materially reduce investor appetite if not addressed immediately.
India’s installed capacity in renewable energy (RE) could increase by just 40 GW to 104 GW by fiscal 2022 from 64.4 GW in fiscal 2019, because of enduring policy uncertainty and tariff glitches.
Analytica