Indian Wind Developments Threatened by Weakening Rupee, CLP Says
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India’s weakening rupee threatens to make wind projects unviable because it’s pushing up the cost of imported components, according to CLP Holdings Ltd., the largest developer of wind farms in the South Asian nation.
“If the rupee isn’t reined in, there’ll be a lot of difficulty putting together viable projects,” Mahesh Makhija, director of renewables at CLP’s Indian unit, said in an interview in Mumbai.