As Prime Minister Narendra Modi kicks off his third term in office after a thumping majority of the National Democratic Alliance (NDA), industry leaders expect a barrage of reforms to make India a renewable hub and economic power.
In Modi 2.0 government, the government kept all sources of power – thermal (coal and gas), and assorted sources of renewable energy – and the related policy issues under one minister, albeit with separate ministries.
The Narendra Modi 2.0 government brought in many reforms in the electricity sector with a major thrust to rapid addition of renewable capacity and enhancing the energy storage systems. Both thermal energy, and RE received policy attention, with both portfolios under then minister R K Singh.
The recent surge in copper prices is posing significant financial challenges for India’s renewable energy sector, leading to increased project costs and budgeting issues
India emerged as the third largest solar power generator in 2023, thanks to its ambitious policies and regulations
Japan’s Sumitomo Mitsui Banking Corp (SMBC), the Asian Infrastructure Investment Bank (AIIB), and private equity firm…
