Need long-term visibility, investment in renewables

Need long-term visibility, investment in renewables

Steps need to be taken to make renewable energy financially sustainable and more centric to the power situation, experts said. “The most important thing for us is the continuity of policies,” said Sumant Sinha, chairman, ReNew Power.

“The path that needs to be taken is very clear. The only concern is that returns have gone down, and new capital will find it a little bit harder to come in.”

The government has brought the sector to the forefront and global stage by spearheading the International Solar Alliance, attracting some of the biggest domestic financial investors, who now want the government to emulate China.

“The industry expects the government to provide longterm visibility for procurement of power through storage-configured renewable projects and policies Read More

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