India evolves energy policy in bid for renewable future

Osborne Clarke are proud sponsors of inspiratia’s riskWatch which assesses the risk of investing in renewables energy projects in the most active markets globally. Please see below an extract from inspiratia’s latest report on the Indian renewables market.

As it is rapidly becoming a global economic powerhouse, India needs to face the challenge of providing access to energy for its 1.3 billion population. Forecast to become the world’s most populous country in the next ten years, the country will need to add 800GW to satisfy its energy demand.

While the Modi government is determined to boost India’s renewables deployment, it’s an immense challenge to implement a consistent agenda across a country made of 29 states and seven union territories, which enjoy significant autonomy with regard to energy issues.

Some states are making progress – among them Tamil Nadu, Karnataka, Uttar Pradesh and Madhya Pradesh – while others are lagging behind. PPAs and feed-in tariffs are governed by the electricity regulatory commission of each state, to which federal incentives are added.

So what are the policy and regulation, project drivers, macroeconomics and politics driving change in India? Please contact one of Osborne Clarke’s experts below to request a full copy of the inspiratia report.

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