Among the 84,408 mega-watt (MW) of large-scale renewable energy projects announced since the beginning of 2018, only 8,039 MW are currently under-construction and the remaining capacities are still under various stages of implementation, a report jointly released by Ficci and Ernst & Young pointed.
The report, which tracked the development of 332 renewable energy projects of 84,408 MW capacity announced since 2018, found out that tariffs have already been discovered through auctions for 57,154 MW renewable energy projects, but these are under various stages of signing power purchase agreement (PPA), getting approvals from regulators, completing financial closure, land acquisition and seeking permission for grid interconnection.
