Rising rates, weak winds slow down power output
Tamil Nadu, which produces half of India’s wind power, is beset by problems including lack of infrastructure
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My understanding was that IRR was independent of cost of funds. Return on equity may go down because of increase in interest rates, but project IRR should not be affected.
Further cheap funding is available for wind energy, particularly for companies with earnings in foreign currencies, but most investors are not aware about the sources!
Teji