Several renewable energy companies have been facing financial difficulties over the past few years due to an uncertain policy environment and changing market dynamics. Falling tariffs, safeguard duties, inadequate transmission networks and the dwindling rupee have also contributed to straining the balance sheets of renewable energy companies. The key indicators of their weak financials are the undersubscription of the Solar Energy Corporation of India (SECI) tenders and the ongoing dispute regarding wind power projects in Andhra Pradesh. Read More