New Delhi, March 7 -- India's renewable energy sector is encountering significant obstacles that may impede its ambitious clean energy goals, according to a report released Thursday by the Institute for Energy Economics and Financial Analysis (IEEFA).

The challenges include weak demand for tenders, delays in power purchase agreements, and project cancellations.

Despite issuing a record 73 gigawatts of utility-scale renewable energy tenders in 2024, approximately 8.5 gigawatts were undersubscribed-five times higher than in 2023.

The IEEFA report attributes this declining interest to complex tender structures and delays in interstate transmission readiness.

The cumulative unsigned power sale agreement capacity in India has now exceeded ...