Mercom Insider

Harsh Penalties for Deviation Settlement is Playing Havoc with Solar, Wind Projects

Severe financial penalties on developers making solar, and wind projects unviable in many states in India

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India is one of the leading markets for renewable energy generation in the world. It was the third largest solar photovoltaic (PV) market in the first quarter of 2019 behind China and the United States. Renewables currently make up 9% of the total electricity generation in the country. With India’s plan to install 175 GW of renewable energy by 2022, grid integration of intermittent renewable energy sources is expected to be a challenge.

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