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Unrealistically Lower Rates for Solar Promised by Foreign Investors: Cautions Indian Solar Developers

News

India’s solar developers are voicing concern that foreign investors are promising to supply clean power at rates that are unrealistically low, threatening to destabilize the industry.

Source: Livemint

SNP Insight

The rising interest of global investors in India's Solar rush has emerged as a cause of concern for the domestic players in the country. The precipitious decline in bid price for solar power projects to INR 5.05/unit highlights the aggressiveness of foreign players to enter the Indian market. However amid this lies the risks for the developers like acquiring land, currency fluctuations etc. because of which the planned projects may fall in vain, questioning the unprecendented renewable capacity addition plans in the country.

Source: SNP Infra Research