Over 90 pc renewable energy projects received investment-grade ratings in 2020
More than 90 per cent of the solar and wind energy projects evaluated last year received investment-grade ratings of BBB and above, according to a study. This is due to the significantly improved financial viability of India’s renewable energy projects over the last decade on account of favourable policy support from the central government, a statement said.
As recently as 2015, less than 50 per cent of the projects in the sector enjoyed such favourable ratings from credit rating agencies on their debt issuances, an independent study released by the CEEW Centre for Energy Finance said.
