Ind-Ra revises solar sector outlook to stable for FY20
MUMBAI: Owing to the recent announcements by certain states on renegotiation of power purchase agreements for renewable power tariffs, ratings agency India Ratings has revised the outlook for the solar sector to stable from positive for FY20.
The agency has, however, maintained stable outlook for wind power sectors for the remainder of this fiscal.
“Revision in rating outlook for solar stems from resurfacing renegotiation fears and continued delay in payments from some of the off-takers,” Ind-Ra said in a statement.
