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RE sector hit by weak demand, cancelled projects

Mint Chennai

|

March 07, 2025

India's renewable energy sector is facing obstacles including weak demand for tenders, power agreement delays and project cancellations, the Institute for Energy Economics and Financial Analysis said on Thursday.

- Reuters

The country issued a record 73 gigawatts of utility-scale renewable energy tenders in 2024, but about 8.5GW was undersubscribed—five times higher than in 2023—amid lower demand due to complex tender structures and delays in interstate transmission readiness, IEEFA said in a report.

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