Over the last couple of decades, there has been a concerted push by the Government to enhance India’s renewable energy capacity. With the focus to gradually shift from fossil fuel to clean energy fo...
Published On: 01/07/2024
Practice Area: Energy, Infrastructure & Natural Resources
Authors:
M. Arun Kumar
Ahona Pal
Anurag Mawai
Over the last decade India has witnessed a euphoric rise in renewable energy. The sector has seen a growth rate of 396% in the last eight years and currently the combined installed capacity for renewable energy stands at 193.57GW. With India aiming to further reduce greenhouse gases and having made pledges of decarbonisation in different sectors of its economy, renewable energy sector is set to grow further. For this new phase of growth, it would need to leverage novel modes of increasing profitability and penetration into micro and small consumer markets. INDUSLAW's M. Arun Kumar, Ahona Pal and Anurag Mawai analyse the potential of virtual power purchase agreements as a lever to catapult the renewable energy sector beyond its current growth trajectory into a future which is green and full of hope and glory.
