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Power Sale Agreement Signing Delays Could Slow Down Pace of Solar Installations

Unsigned PSAs dissuade lenders from making final disbursements for the solar projects, leaving developers high and dry

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The large-scale solar project pipeline in India stood at 44.7 GW, with another 34.6 GW of tendered capacity pending auctions at the end of Q3 2020, according to Mercom India Research’s Q3 2020 India Solar Market Update. While the numbers are robust, there is a significant backlog of projects waiting to start construction.

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