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Green shoots: State-run banks, NBFCs tilt towards renewable energy projects

The second of a three-part series on credit pick-up looks at renewable energy sector, which is facing issues like cancellation of projects and grid curtailment

Shreya Jai  |  New Delhi 

Banks have been wary of lending to the renewable energy sector, owing to the Rs 2 trillion worth of non-performing assets (NPAs) in the conventional power sector. But it seems the tide is turning.

Experts said factors such as one-time capital investment, steady returns and slowdown in the conventional energy space have made green energy a preferred choice for public sector banks (PSBs) and non-banking financial companies (NBFCs). The renewable energy sector needs close to $550 billion investment to meet India’s target of achieving 40 per cent of its energy requirement from clean ...

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First Published: Mon, December 16 2019. 22:34 IST
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