India now has over 50 gigawatts (GW) of stranded renewable power capacity projects that have been awarded but remain non-operational, as per news reports. This figure has more than doubled in 9 months, according to letters sent by the Sustainable Projects Developers Association (SPDA) to the Ministry of New and Renewable Energy.
Many of these projects have not been able to sign power purchase agreements (PPAs). As of June 2025, over 50 GW of awarded capacity had no firm contracts with buyers. In comparison, the number stood at just over 20 GW in October 2024, as per Reuters.
Several projects are stuck due to unfinished interstate transmission lines. This issue is particularly visible in Rajasthan and Gujarat, where solar power potential is high. Projects have missed deadlines because they cannot connect to the grid.
Developers are also dealing with court cases and delays in getting land and environmental clearances. These regulatory hurdles have forced many companies to pause construction or hold back on commissioning.
As per news reports, the stranded capacity includes projects by companies like JSW, NTPC, Adani Green, ReNew, Sembcorp, and ACME Solar. These projects are worth billions of dollars.
According to the Reuters report, 44 GW of renewable projects licensed by central agencies still lack supply agreements. Of the 230 GW planned to be connected through interstate transmission lines, 20% is ready, 70% is under construction, and the rest is being bid out. No timeline was shared.
Read More: Best Battery Stocks in August 2025 5yr CAGR Basis!
The scale of stranded renewable projects now accounts for nearly 25% of India’s total installed renewable capacity of 184.6 GW. While targets for 2030 remain ambitious, several projects continue to face delays due to missing infrastructure, approvals, and contracts.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 4, 2025, 12:21 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates