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 agency analysed 10 leading companies which have won around half of the projects awarded in the past two years and account for 32 per cent of the installed renewable capacity in India. The rating agency said a failure to resolve the issues quickly risks damaging the credit rating of the sector and reducing investment .
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 .