Stable outlook for solar & wind energy, negative for thermal: Ind-Ra

Ind-Ra revised outlook on the wind sector to stable from negative and maintained a stable outlook on the solar sector

Favourable policies and funding mechanism would help in sustained growth of the solar and wind sectors, India Ratings (Ind-Ra) observed in its latest report. At the same time, it maintained a negative outlook for the thermal power sector as there is no visibility on long term power purchase.

Ind-Ra revised the outlook on the wind sector to stable from negative and maintained a stable outlook on the solar sector.

“Solar and wind bids are being driven by central government agencies and power purchase agreements (PPAs) are becoming favourable to developers in terms of addressing grid curtailment and termination issues. Development