The renewable energy sector seems to be going the way of the state power utilities’ (major power purchasers) in terms of being insensitive to projects’ debt service commitments and delays in making payments. These are problems specific to conventional energy developers projects. The central government’s initiative — Ujwal Discom assurance yojana scheme which aims to lessen the cash flow strain on distribution companies through the transfer of debt loads to states has yet to take off; so renewable energy projects are compelled to tide over the elevated risk of liquidity strain said Ind-Ra.The renewable energy sector seems to be going the way of the state power utilities’ (major power purchasers) in terms of being insensitive to projects’ debt service commitments and delays in making pa electric water heater Dahisar.
Added to this is the fact that the masala bond and dollar bond market is in its nascent stage and a default on a domestic bond may prove costly and could skew risk spreads.. Counterparties’ timely payments are inevitable to nurture the nascent non-recourse capital market debt instruments.The concerns have arisen because of the growing interest of developers to tap the capital market and the investors’ penchants for renewable energy bonds
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