On 16th February, 2024, the Ministry of Power (MoP) released the Draft Electricity (Third Amendment) Rules, 2024. The existing Rule 19 of the Electricity Rules, 2003, as amended from time to time, deals with the implementation of Uniform Renewable Energy Tariff for Central Pool.

The Government of Haryana on February 15, 2024, issued the Draft Haryana Green Hydrogen Policy -2024. The Objectives of the Policy are: a) To accelerate the development and adoption of Green Hydrogen and its derivatives as alternative fuel and feedstock sources in line with the National Green Hydrogen Mission.

Achieving economies of scale in the distributed renewable energy sector is a major challenge, partly due to the lower capacity potential of installations and remote locations.

India’s ambition to achieve 500 GW of non-fossil fuel-based capacity by 2030 is steering the nation towards innovative solutions in renewable energy. With solar and wind power at the forefront, the variability and intermittency of these sources pose challenges to grid operations.

The state of Kerala is committed to sustainability, with aims to attain net-zero emissions by 2050 and meet 100% of its energy requirements though renewable energy (RE) sources by 2040.

In a significant development, the Ministry of Power has implemented key amendments to the Guidelines for Renewable Energy Bidding, marking a strategic shift in the competitive bidding process for grid-connected renewable energy power projects with energy storage systems.

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified vide Resolution No. 27/03/2023-RCM published in the Gazette of India (Extraordinary) (Part1 - Section 1) on 21st August, 2023.

The recent amendment issued on 2nd February 2024, the Ministry of Power has deleted the provision related to debarring RE Generators in cases of delays in the commencement of power supply.

Uttar Pradesh (UP) is set to implement a green hydrogen policy, emphasizing its commitment to promoting clean energy.

This report provides a regional breakdown of 1.5ºC compatible renewables deployment, showing what six major world regions – the OECD, Asia, Latin America, Eurasia, Sub-Saharan Africa and the Middle East and North Africa (MENA) – could contribute towards upscaling renewables by 2030.