Growth Of Solar Power In India

Building a conducive environment for enabling non-recourse project financing for solar projects in India would be a big step forward. Expert guidance from energy legal advisor and infrastructure legal advisor is advisable to handle projects in these areas as an integrated approach would be required which needs to flow down to transaction and documentation structuring.

INTRODUCTION

As per the report on World Energy Outlook 2021 of the International Energy Agency (IEA), the then-current share of India in the global primary energy consumption was 6.1% and is likely to increase to about 9.8% understated policies scenarios by 2050. India's dependence on coal, oil, and natural gas as a source of energy is projected to grow as a result of this increase in demand for power. But not only will domestic coal production and oil imports fall short of meeting demand, they will also have an adverse impact on the environment and the economy. One of the ways India can improve its