India, Aug. 13 -- India Ratings and Research (Ind-Ra) on Wednesday said the growing gap between renewable energy (RE) commissioning and transmission readiness is emerging as a key credit risk for the sector.

Around 112 GW of the planned 196 GW RE pipeline till FY32 remains aligned with transmission schedules, about 84 GW of capacity faces delays in general network access (GNA) operationalisation, highlighting a persistent transmission execution gap, it said in a statement.

Ind-Ra projects a 32 GW mismatch between generation and transmission for projects to be commissioned by H2, FY27. This gap may widen to 40 GW, if interstate transmission system (ISTS) commissioning is delayed by three more months beyond the current commissioning timel...