India has emerged as a global leader in adoption of renewable energy and is ambitiously targeting 500 GW of installed capacity from non-fossil fuels by the end of the decade. India’s growth in the renewable energy sector has been strengthened by significant foreign investments, particularly in solar and wind power projects. In line with its commitment to decarbonization, the Government of India has been actively promoting the use of renewable energy.
Given the focus on green growth, it is unsurprising that India is emerging as a frontrunner on the international stage in the renewable energy sector. In this white paper our lawyers discuss the renewable energy landscape in India, focusing on the key trends, regulatory initiatives and incentives provided to the sector along with the main drivers propelling growth and the challenges which the sector faces.
Authors: Akshay Malhotra – Partner and Kush Saggi – Managing Associate
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