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Home > Reports and Documents > Banking restrictions on renewable energy projects in India > Banking restrictions on renewable energy projects in India

Banking restrictions on renewable energy projects in India [1]

New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking allows renewable energy generators to deposit surplus power into the grid and withdraw it later when needed – much like putting money into a savings account at a bank.
[2]

Publication Date: 
01/12/2021
Institute for Energy Economics and Financial Analysis [3]
Tags:
Renewable Energy [4], India [5], Power Industry [6], Finance [7]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/banking-restrictions-renewable-energy-projects-india

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/banking-restrictions-renewable-energy-projects-india
[2] http://www.indiaenvironmentportal.org.in/files/file/Banking Restrictions on Renewable Energy.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/institute-energy-economics-and-financial-analysis
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/power-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance