Budget 2020 Expectations From Renewable Energy Industry

Nikunj Ghodawat, Chief Financial Officer, CleanMax, India's leading renewable energy solutions provider said, “renewable, like any other infrastructure business, is capital-intensive and availability of funds at a competitive price is an important ingredient for growth. While the RBI has brought down the repo rates periodically, it hasn’t been translated to the banks passing on the benefit to the end customer. Add to this, the tight lending environment on liquidity front - there are a handful of financial institutions doing fresh project finance.