NEW DELHI: Renewable energy business is a high-growth area in India, though falling asset prices and competitive bidding for new power purchase agreements may lead to volatility in returns on investments, S&P Global Ratings said. “We believe the renewable energy business is a high-growth area in India, given the government’s focus on increasing capacities for renewable energy and priority dispatch,” it said in a statement. However, falling asset prices and competitive bidding for new power purchase agreements can expose renewable energy assets to volatility of returns on investments, it said.
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