It has warned that further delays in resolving the issues faced by India 's leading renewable energy companies could harm investment in the sector . Distribution companies in Andhra Pradesh and Telangana have used financial flexibility clauses to delay payments to green energy producers , while the government recently set up a committee to review and bring down the purchase cost of wind and solar energy . The rating agency said a failure to resolve the issues quickly risks damaging the credit rating of the sector and reducing investment .
CRISIL has warned that further delays in resolving the issues faced by India's leading renewable energy companies could harm investment in the sector. Distribution companies in Andhra Pradesh and Telangana have used financial flexibility clauses to delay payments to green energy producers, while the government recently set up a committee to review and bring down the purchase cost of wind and solar energy. The rating agency said a failure to resolve the issues quickly risks damaging the credit outlook of the sector and discouraging investment.