Policy stability at state level must to boost renewable projets: ReNew CMD

Policy stability, particularly at the state level, is a must for boosting installation of clean energy capacity in the coming days, a top official of ReNew Power said on Thursday.

His comments have come against the background of Andhra Pradesh seeking to renegotiate tariff price of concluded power purchase agreements with renewable energy developers.

Renewable energy developers as well as government nodal agencies, NTPC and Solar Energy Development Corporation, have refused to do so.

"There is a policy stability issue at the state level...There is one state (Andhra Pradesh) which tried to open the concluded power purchase agreements in renewable energy recently," ReNew Power Chairman and Managing Director Sumant Sinha said in a panel discussion at the India Economic Summit here.

ReNew Power has a total capacity of over 8 GW of wind and solar power assets across the country.

Sinha was of the view that in case of such disputes, the developers have to service their loans with ...