Rapid growth in renewable energy is causing unexpected setbacks, with projects worth 40 GW stuck due to lack of buyers
States hesitate to sign power agreements as they expect prices to drop further, stalling projects
Solar power costs as low as Rs 2.50 per unit—and falling—are ironically slowing the sector
Without power agreements, investments in key technologies like battery storage are on hold
Despite renewables making up 46% of capacity, coal still dominates India’s power generation
Policy reforms are needed to stabilise pricing and boost long-term renewable energy growth