A white paper on India solar and wind energy by CRISIL & PHD Chamber

By 2020, India’s solar and wind power sectors are expected to at least double1 their capacity from the current 24 gigawatt (gw). This, however, involves high capital cost so lower interest rates and longer-tenure funding are an imperative if India’s renewable energy sector has to compete with traditional energy sources. While banks have been supportive, their ability to provide longer-tenure debt and lower interest rates is limited. Hence, CRISIL believes alternative sources of financing that fulfil the needs are critical to their development of solar and wind power sectors.