Context: Recently, the Prime Minister said that India’s green energy plan would generate business prospects worth $20 billion annually for the foreseeable future.
Challenges: With rising Renewable Power (RP) obligations and falling solar tariffs, power distribution companies seem hesitant to enter into long-term power purchase agreements (PPAs) with RP producers.
Steps Needed to Achieve Renewable Power (RP) Target:
Conclusion: To rev up new renewable energy capacity worth ?1.5 lakh crore in the medium term, money, as well as intelligent planning and execution, will be needed.