The ministry apprised the Parliamentary panel that delays are typically longer for renewable developers than conventional generating companies, even if they are within the same utility.
The Standing Committee on Energy, in its report on financial constraints in the renewable energy sector, which was presented in Parliament during the recently concluded monsoon session, noted that the ministry itself has stated to it that Rs 30 crore loan is not sufficient as it can take care of only small sized renewable energy projects.
India has become the third-largest solar capacity country in the world and set an ambitious target of 450 GW of renewable capacity by 2030, comprising 300 GW of solar capacity.
