Nearly 3,000 MW worth of renewable energy projects in India are at risk of being cancelled as their power supply agreements (PSAs) have yet not been signed with the state distribution companies, rating agency Crisil NSE -0.26 % said.
Nearly 7,000 MW capacity worth of projects were bid out prior to February 2020 whose PSAs have not been signed yet, all having tariffs significantly higher than recent projects bid out over the past few months.
