Business EconomyPosted at: Mar 20 2025 4:36PM


Regulatory reforms needed to achieve 500 GW clean energy target by 2030: Report

New Delhi, Mar 20 (UNI) India need to undertake regulatory reforms and strengthen financial condition of distribution companies (discoms) along with other decisions to achieve ambitious 500 GW non-fossil fuel capacity (clean energy) target by 2030, says a report.
India’s transition to a cleaner, more sustainable power sector is at a critical juncture, with regulatory challenges, financial constraints and policy uncertainties shaping its trajectory. A new report by Primus Partners, ‘The Intersection of Power Sector Regulation & Sustainability Goals in India’, examined these challenges and proposed a roadmap for achieving India’s ambitious 500 GW non-fossil fuel capacity target by 2030.
The report highlighted key regulatory reforms required to accelerate clean energy adoption, stabilize distribution companies (discoms) and boost investor confidence in India’s power sector, Primus Partners said in a release.
India’s discoms face accumulated losses of more than Rs 6.77 lakh crore. Financial restructuring, tariff rationalization and direct benefit transfers for subsidies are essential to improve cost recovery and ensure timely payments to renewable energy developers, it said.
It pointed out that Inconsistent state policies on open access, net metering and PPA (power purchase agreement) renegotiations have deterred long-term investments. Standardizing open access rules, enforcing contract sanctity and improving dispute resolution mechanisms will boost investor confidence.
Large renewable projects struggle with land acquisition and environmental clearances. While solar parks have eased this for some projects, states lack clear guidelines for land-use change and permitting. Expanding pre-cleared renewable zones and creating GIS-based approval systems (as Rajasthan has done) can streamline processes.
Transmission bottlenecks have delayed solar and wind projects. The report calls for synchronized grid expansion with renewable targets, enhanced forecasting mechanisms and policy support for large-scale battery storage.
India’s clean energy push aligns with global climate agreements, including its commitments under
the Paris Agreement and COP26. Strengthening policy implementation and leveraging international partnerships will be crucial in meeting these sustainability goals, the release said adding India stands at a pivotal point in its energy transition. While significant strides have been made in renewable energy adoption, addressing regulatory inconsistencies and financial instability will be critical in sustaining this momentum.
Nikhil Dhaka, Vice President at Primus Partners, stated, “India’s power sector transformation requires a multi-pronged approach. Strengthening discom finances, ensuring regulatory certainty and expanding grid infrastructure will be key to unlocking the full potential of clean energy investments.”
UNI SKB BM
Please log in to get detailed story.
Tags: #Regulatory reforms needed to achieve 500 GW clean energy target by 2030: Report
More News
Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

26 Apr 2025 | 6:52 PM

Thiruvananthapuram, Apr 26 (UNI) Kerala Minister for Industries, P Rajeeve on Saturday said works on 13 projects with a total investment of Rs 4,410 crore yielded by the Invest Kerala Global Summit (IKGS 2025) will commence in May.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

26 Apr 2025 | 5:52 PM

Kottayam, Apr 26 (UNI) Following were the market rates of rubber per quintal announced by the Rubber Board here on Saturday.

see more..

SICCI holds Executive Round Table on doing business with Indonesia

26 Apr 2025 | 5:22 PM

Chennai, Apr 26 (UNI) The Southern India Chamber of Commerce and Industry (SICCI)
organized an Executive Round Table on Doing Business with Indonesia at the Indonesia
Trade Promotion Center in Chennai on Saturday.

see more..

HPTDC capable of running Wildflower Hall : Bali

26 Apr 2025 | 3:00 PM

Shimla, Apr 26 (UNI) Chairman of the Himachal Pradesh Tourism Development Corporation (HPTDC) and first-time MLA from Nagrota Bagwan Raghubir Singh Bali announced on Saturday that the Corporation is fully capable of efficiently managing the prestigious five-star Wildflower Hall hotel if entrusted with the responsibility by the state government.

see more..
International Trade Show to present new picture of new UP

International Trade Show to present new picture of new UP

26 Apr 2025 | 2:36 PM

Gorakhpur, Apr 26 (UNI) Uttar Pradesh is set to showcase its strength, potential and achievements on the global stage once again with the third edition of the UP International Trade Show (UPITS) 2025, to be held in Greater Noida from September 25 to 29, sources said here on Saturday.

see more..