Renewable energy sector outlook supported by strong project pipeline: ICRA

Rating agency ICRA NSE 2.34 % has said its outlook for renewable energy (RE) sector is stable supported by continued policy support from the government, strong project pipeline and superior tariff competitiveness offered by wind and solar power projects — both in the utility and the open-access segments.

Further, tariff competitiveness offered by the solar and wind power projects in utility auction route continued to remain superior with tariffs remaining below Rs 3 per unit despite the upward pressure arising from the imposition of customs duty on imported cells and modules from April 2022.