30 August 2024 | BRIDGE TO INDIA
India’s ambitious energy quest risks stumbling on the additional charges being levied by key states on generation of electricity from renewable sources. Rajasthan was the first to impose such a levy, followed by Madhya Pradesh. More recently, Tamil Nadu has announced its own.
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India’s coastline offers over 140 GW offshore wind potential, particularly in Gujarat and Tamil Nadu. To harness this, the government approved INR 74.53 billion to support 1 GW of capacity and port upgrades, taking first steps to kick off the space and reduce costs.
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This report provides an update on key trends and developments in the corporate renewable market including capacity addition, key players, policy & regulatory issuance, financing, PPA tariffs and other market trends.
