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<p><span style="font-size:9.0pt">Renewable Energy segment in amidst of challenges and uncertainties is experiencing a slowdown in achieving installed capacities targets. Many of research firms have forecasted that India may not achieve targets as set by government. Renewable industry in India is facing multifarious challenges like inadequate power evacuation facilities, uncertainty in GST imposition, additional burden of imposition safeguard duty and cancellation of auctions risks which jeopardises investor confidence. Such gloomy factors have led to short-term uptick in solar prices. On the other hand reluctance of Discoms to buy costly solar power also poses a bottleneck in achieving ambitious renewable energy targets of 175 GW by 2022.</span></p> <p>&nbsp;</p> <p><span style="font-size:9.0pt">Driving factor for this segment could be drop in capital cost of project. This trend will only continue as new generation technologies replace old ones. Improving grid flexibility through storage and flexible power generation will be extremely crucial in achieving high levels of renewable penetration. Economic competitiveness, technological maturity, and financially healthy off-takers will thus provide a solid base for renewable capacity growth to cater to electricity demand growth.</span></p> <p><span style="font-size:9.0pt">Renewable Energy segment in amidst of challenges and uncertainties is experiencing a slowdown in achieving installed capacities targets. Many of research firms have forecasted that India may not achieve targets as set by government. Renewable industry in India is facing multifarious challenges like inadequate power evacuation facilities, uncertainty in GST imposition, additional burden of imposition safeguard duty and cancellation of auctions risks which jeopardises investor confidence. Such gloomy factors have led to short-term uptick in solar prices. On the other hand reluctance of Discoms to buy costly solar power also poses a bottleneck in achieving ambitious renewable energy targets of 175 GW by 2022.</span></p> <p><span style="font-size:9.0pt">Driving factor for this segment could be drop in capital cost of project. This trend will only continue as new generation technologies replace old ones. Improving grid flexibility through storage and flexible power generation will be extremely crucial in achieving high levels of renewable penetration. Economic competitiveness, technological maturity, and financially healthy off-takers will thus provide a solid base for renewable capacity growth to cater to electricity demand growth.</span></p>