Policy flip-flops will have renewable energy target missing by over 42%: Report
Faced by many a regulatory challenge, policy flip-flops and also a steep fall in tariffs, the country is likely to miss the renewable energy target of 175 GW by 2022 by a wide margin, says a report.
According to a weekend report by CrisilNSE -1.32 %, this target is set to be missed by a full 42 per cent as the industry has been witnessing fast waning interest from developers since the past fiscal. “Renewable energy capacity may increase by just 40 gw to 104 gw in 2022 from 64.4 gw in 2019, thanks to the lingering policy uncertainty and tariff glitches. That would be a good 42 per cent short of the government target of 175 gw,” the agency says in the note.
