Mumbai: With state governments increasing standard charges on open access renewable energy projects or cutting back on incentives, the financial future of many projects are in jeopardy.
In a note, credit ratings agency ICRA said that with the changes in policy, the viability of open access - against grid-connected energy - is no longer as attractive.Open access allows large users of power - typically those who consume more than 1 MW - to buy power from the open market, instead of depending on a more expensive grid.