Business News
Home > Business News
Renewable energy auctions to attract large developers: IEEFA
TIWN
TIWN

PHOTO : TIWN
New Delhi, June 22 (TIWN): Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) said on Wednesday.
Falling costs of solar modules, which in turn brought down tariffs, fuelled the growth of India's renewable energy growth story.
However, turmoil in global supply chains caused by the Covid-19 pandemic and the Russia-Ukraine war has pushed up costs. Further, renewable energy developers face higher financing costs as surging inflation has forced central banks to tighten monetary policy, pushing up interest rates.
Add your Comment
Comments (0)
More Business News
- Siemens’ net profit drops over 37 pc to Rs 408 crore in March quarter
- Delhi, Mumbai airport operations normal; security checks taking longer
- Adani Green becomes world’s 1st renewable energy IPP to turn water positive
- DB Corp clocks sharp 75 pc decline in Q4 net profit as revenue slips, expenses rise
- India-UK FTA bypasses China’s dependence, navigates US tariffs: SBI report