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". The Indian government's plan to boost solar power capacity by more than a third over the next five years is expected to be announced on Monday.
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.