India’s renewable energy sector could face regulatory actions such as China and Europe: Report
New Delhi [India]March 19 (ANI): India’s renewable energy (RE) sector may soon face regulatory pressures, prompting to address emerging challenges such as grid interference, driven subsidy incentives and negative energy prices, according to a report by JM Finance. The report is among the share of Western countries, including China, including international energy, a share in a competition. “Increasing, we expect domestic policies to be affected by the next 3-4 years of global experience,” the report added. The report added that the renewable energy (RE) sector has grown rapidly, driven by evolving governance structures and frequent regulatory changes, which make more flexibility and adaptability, and as the industry grows, the pressure on governments becomes more arduous, making people more powerful in strategies. This is especially true, as the growth of renewable energy has begun to cause challenges such as grid interference, and as the share of renewable energy in the energy portfolio increases, global governments, including China and Europe, are taking steps to address these challenges. In China, policymakers are moving towards reduced subsidy-driven incentives as the country faces problems with oversupply and negative energy prices.
In Europe, some countries are controlling the promotion of renewable energy as the industry addresses price-related challenges. These developments suggest that India may soon face similar regulatory pressures. The report also added: “The report notes that in the pricing of market-driven renewable energy and the shift in Germany’s actions to deal with negative electricity prices, this suspends subsidies for electricity prices, which suggests a growing regulatory scope for the sector when electricity prices drop below zero. Gigawatts (GW). In 2024, a record 24.5 GW solar capacity and 3.4 GW of wind energy increased, reflecting more than twice the solar facility, while the growth in wind speed increased by 21%, while the surge in risk growth compared to 2023. This surge was driven by increased investment in government prosecutorial rates, policy reforms, policy reforms, domestic turbine manufacturing and domestic turbine manufacturing. Solar energy remains a major contribution to India’s renewable energy growth, accounting for 47% of the total renewable energy capacity installed. As of the year, 18.5 installed were installed. GW’s utility-scale solar capacity, nearly 2.8 times more solar energy than in 2023. The highest volume of Rajasthan, gujarat and Gujarat and tamil nadu is Tamil Nadu. Utility-scale solar installation. (ANI)
