This report analyses the risk perceptions of debt financiers towards solar photovoltaic (PV) and wind projects from 2014 to 2018. It also examines recent developments impacting the pace of capacity addition in India. Part of a series of trends reports being undertaken by the CEEW Centre for Energy Finance (CEF) in collaboration with the International Energy Agency (IEA), this study follows a 2018 report on the evolving investment landscape for grid-connected renewable energy (RE) in India.
Further, it includes an analysis of thermal power projects in order to assess the standing of renewables and thermal assets. The study also takes stock of the impact of a recent policy measure – the imposition of safeguard duties on solar PV cell and module imports – on the pace of project awards and the challenges facing the solar park model.