Backlog of PPAs getting streamlined, says Hero Future Energies CEO

For developer, there are pros and cons of integrating upwards into equipment manufacturing. The critical thing here is that India is now developing an ecosystem for solar module manufacturing capacity

Discoms refusing to sign Power Purchase Agreements (PPAs), leading to their pileup, is the biggest problem the Indian renewable energy sector is facing. Srivatsan Iyer, chief executive officer (CEO) of Hero Future Energies (HFE), which is among the largest renewable energy developers operating in India, in a video interview tells Sudheer Pal Singh that the issue is getting sorted as tariffs have started declining on integrated tenders. Edited excerpts:

 

How do you look at the increasing number of Firm and Dispatchable Renewable Energy (FDRE) tenders where tariffs have come down drastically? 

There has been a lot of discussion among the