India's 175 GW target for green power under threat: Sumant Sinha

The government’s target of achieving 175 GW of renewable energy capacity would be difficult to achieve because of the current state of confusion in the solar and wind power businesses, said Sumant Sinha, chairman and chief executive officer, ReNew Power Ventures on Tuesday.

In an interview with Business Standard, Sinha said, “Renewable was one sector where industry and investors were comfortable. There is a risk of turning a healthy sector into a problematic one.” State governments are reneging on their power purchase agreements with the power companies because they do not want to buy electricity contracted at higher rates earlier. The rates of both solar and wind have since fallen.  

Wind projects of 1100 MW were problematic because Andhra