With India facing a very severe covid-19 second wave, and states imposing lockdowns and travel restrictions, several green energy deals have been deferred, said two people aware of the development, seeking anonymity.
With due diligence necessitating travel to remote locations where the solar and wind farms are located, several sale processes have been delayed, given the difficulties involved in arranging logistics. There is also a growing clamour from a few countries to impose travel bans to India due to the spike in covid-19 cases. This assumes significance, given that there is a large global investor interest in India’s green economy.
