The positive outcomes of recent Indian renewables auctions demonstrate the appetite of investors – foreign and domestic – to back clean energy infrastructure is unabated despite Covid-19 disruption, according to a briefing note issued by the U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA).
Policy headwinds and a coronavirus-driven fall in electricity demand have affected the tendering and commissioning of renewables projects but Kashish Shah, a research analyst at IEEFA, said: “Despite these setbacks, renewables are proving resilient, with investment capital available for new projects with favorable risk-return profiles.”
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