More policy incentives needed to sustain growth in renewables

India’s vibrant renewable energy sector requires more dynamic policy interventions, cheap credit, strengthening of transmission and distribution sector (T&D) and investments in solar equipment manufacturing to sustain the growth achieved in the past decade, said industry leaders.

Dependence on equipment imports, transmission connectivity and land acquisition issues, payment delays from debt-ridden discoms, aggressive tariff caps leading to cancellation of auctions, tariff re-negotiations and some states re-opening power purchase agreements, inadequate investments in transmission and grid infrastructure and policy uncertainties are some of the major challenges the solar industry is going through, said Praveer Sinha, managing director and CEO of Tata Power at the ET Energyworld webinar organised today.

He said structuring auctions like hybrid tenders that ensure 24X7 reliable supply of power, developing system flexibility, incentives for domestic solar equipment, ironing out operational inefficiencies in T&D network

business today
Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button