ICRA revises rating outlook for one-third of wind, solar portfolio

The agency has downgraded rating for 20% of its rated portfolio for wind and solar

Rating agency ICRA has downgraded the rating outlook for nearly one-third of its wind, solar power rated portfolio, the agency said in a statement on Wednesday.

ICRA, in its statement, said, it has revised the ratings or the rating outlook of almost one-third of its rated portfolio. The agency has downgraded rating for 20 per cent of its rated portfolio for wind and solar, which is at 1.9 giga watt (GW). The rating outlook for another 10 per cent of such capacity has also been revised.

"Given the headwinds faced by the wind and solar energy power segments coupled with