No power supply contracts yet for 7 GW of auctioned RE capacity: Crisil
NEW DELHI: Power supply agreements (PSAs) for auctioned renewable energy projects totaling 7 giga watt (GW) have been delayed and will impact India’ green energy targets, according to Crisil Research.
Given that an intermediary procurer such as state-run Solar Energy Corporation of India (SECI) signs power purchase agreements (PPAs) with the project developer after signing back-to-back PSAs with electricity distribution companies (discoms), the inordinate delay in finalizing the PSAs has in turn delayed the signing of PPAs.
Such delays will impact India’s ambitious green energy targets. India is running the world’s largest clean energy programme to achieve 175GW of renewable capacity, including 100GW of solar power by 2022.
