India 's ambitious renewable energy plans could stall if the government does not tackle the country 's non - bank financial companies ' ( NBFC ) liquidity crisis pre - election . An NBFC representative said the group was actively avoiding investing in " large - scale projects with very aggressive tariffs " . Since September 2018 , NBFCs have faced a shortage of funding , with around 40 % of tendered solar schemes at risk , as well as a product cost of 19.5 GW .
India's ambitious renewable energy plans could stall if the government does not tackle the country's non-bank financial companies' (NBFC) liquidity crisis post-election. An NBFC representative said the group was actively avoiding investing in "large-scale projects with very aggressive tariffs". Since September 2018, NBFCs have faced a shortage of funding, putting around 7 GW of tendered solar schemes at risk, as well as a product pipeline of 19.5 GW.