Renewable energy projects face up to 12-month delay in signing of PPAs
India’s renewable energy sector is facing significant delays in securing power purchase agreements (PPAs), which are affecting around 40-45 GW of projects out of a total 80-90 GW in the pipeline. Experts note that distribution companies (discoms) are prioritizing projects with higher capacity utilization factors, contributing to the backlog in PPA signings. The gap between project awards and PPA finalizations currently spans eight to nine months, impacting project execution timelines. Several factors, including regulatory uncertainties,…