New Delhi, May 27 -- Renewable energy companies can significantly improve profits from existing wind and solar projects through better maintenance practices and AI-driven operations, instead of relying only on building new capacity, suggests a recent McKinsey report.

The report, titled "Renewables O&M reimagined: Boosting performance with AI and conventional levers", said renewable energy operators are increasingly facing pressure on profitability amid high interest rates, inflation, falling power prices and supply chain disruptions, making efficient operations and maintenance (O&M) a critical growth lever for the sector.

"Scale alone does not necessarily guarantee profitability," the report said, adding that "optimized maintenance stra...