Mar 19, 2025 10:49 AM IST
The JM Monetary report comes as stress on international governments rise to implement stricter rules and convey extra self-discipline to renewable vitality firms.
India’s renewable vitality sector is quickly prone to face regulatory pressures that takes cues from nations corresponding to Europe and China to cope with challenges corresponding to grid disturbances, and unfavorable vitality costs.
Photo voltaic vitality is the dominant contributor to India’s renewable vitality development, accounting for 47% of the overall put in renewable vitality capability.(Representational Picture/Unsplash)
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The report comes as stress on international governments will increase to implement stricter rules and convey extra self-discipline to firms within the renewable vitality house, which has seen speedy development currently.
For instance, policymakers in China are shifting in the direction of lowering subsidy-driven incentives since there are problems with oversupply and unfavorable vitality costs.
European nations are additionally combating price-related challenges, main some to regulate the promotion of renewables.
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As an example, Germany plans to droop subsidies for PV grid integration if electrical energy costs fall beneath zero.
That is vital since, in accordance with the report, India’s complete non-fossil fuel-based vitality capability had reached 217.62 gigawatts (GW) as of January 20, 2025.
In 2024 alone, a record-breaking 24.5 GW of photo voltaic capability and three.4 GW of wind capability have been added, which is greater than a two fold enhance in photo voltaic installations and a 21% rise in wind installations, in comparison with the earlier yr.
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This surge was on account of authorities incentives, coverage reforms, and elevated investments in home photo voltaic and wind turbine manufacturing, with photo voltaic vitality being the dominant contributor to India’s renewable vitality development, accounting for 47% of the overall put in renewable vitality capability.
Really useful Subjects Information / Enterprise / India’s renewable vitality sector might face regulatory actions like China and Europe: Report
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