Indian renewable sector highly leveraged due to global opportunities: S&P
Global credit rating agency S&P Global Ratings on Monday said the Indian renewable energy sector will be highly leveraged owing to the growth opportunities.
In its new report “India Renewables: Growth Trumps Deleveraging” S&P Global Ratings said the multi-decade growth opportunities for renewable energy in India will result in persistently high leverage across the sector.
“Weaker operating performance, delayed receivables collections and high capital expenditure will weigh on credit profiles for Indian renewables,” said S&P Global Ratings analyst Abhishek Dangra.
“This is despite good industry fundamentals. Renewables are economically competitive with traditional fuels and benefit from ambitious energy-transition targets in India,” Dangra added.
