Fitch Ratings' India RE portfolio for FY24 rises even as power generation slows

Wind generation improved by 8% on year in FY24. This was 1% below the one-year forecast, but better than in FY23, when generation was 5% lower than the forecast. Solar generation increased by 2% in FY24 as new assets became operational, which was 1% above the agency's FY23 one-year estimate.