India has been charging ahead in the fast-growing solar energy
sector. The United Nations recently conferred the "Champions
of the Earth Award" to Prime Minister Narendra Modi in
recognition of India's work in promoting new areas of
cooperation on environmental action and championing the
International Solar Alliance (ISA).
ISA is a platform for cooperation among solar resource rich
countries to reduce the cost of finance and technology, and for
mobilizing more than US$1 trillion of investments by 2030.
However, despite the government's focus on developing the
solar energy sector, India's regulatory and legal framework
leaves a lot to be desired. Instead of supporting the solar power
developers, it appears to be disincentivizing them.
