Indian wind and solar projects see 4 per cent growth in FY24

Fitch Ratings reported that Indian wind and solar project-finance transactions performed better in the financial year ending March 2024 (FY24), even though overall power generation slightly missed the one-year P90 forecasts. Portfolio-level generation grew by 4% due to new asset additions, with solar generation rising by 2%, meeting the one-year P90 estimate. Wind generation increased by 8%, a recovery from the 5% shortfall in FY23, although it still fell slightly short of forecasts. Cash collection…