Strengthening infrastructure, promoting public-private partnerships, and streamlining regulations are essential steps that will pave the way for a sustainable energy future. All in all these collaborations working cohesively will align the nation to achieve cleaner and more affordable energy sources,” the Industry expert said. Additionally, mandating the inclusion of solar panels in new houses above 300 square yards encourages the integration of renewable energy from the ground up, as per Industry expert. Bottlenecks for renewable energy adoptionMany states impose additional restrictions on installed transformer capacity, hindering the large-scale implementation of solar plants in development. The financial viability of numerous renewable energy initiatives has been compromised by shifting regulatory frameworks and disproportionate cess impositions, as per the Industry expert.

Source: Mint January 12, 2024 11:26 UTC