A cohesive national and state-level regulatory framework that gives investors long-term confidence is essential for the country to meet its non-fossil goals, according to a CRISIL expert.
The government has an ambitious target of having 500 GW non-fossil fuel-based power generation capacity by 2030.
Non-fossil fuel capacities include sources like solar, wind, biomass, waste-to-energy, hydro projects etc.
“Achieving India’s 500 GW non-fossil target will require a cohesive national and state-level regulatory framework that gives investors long-term confidence,” a statement issued by FICCI said, quoting Ashish Mittal, Director, Energy & Commodities, CRISIL.
Cap-and-floor mechanisms, viability gap funding and storage-as-a-service models will be critical to de-risk investments and unlock private capital at the scale India now needs, he said at FICCI’s India Power and Energy Storage Conference on Wednesday.
On energy storage, Ashok Sharma, the Deputy Managing Director, State Bank of .​A cohesive national and state-level regulatory framework that gives investors long-term confidence is essential for the country to meet its non-fossil goals, according to a CRISIL expert.
The government has an ambitious target of having 500 GW non-fossil fuel-based power generation capacity by 2030.
Non-fossil fuel capacities include sources like solar, wind, biomass, waste-to-energy, hydro projects etc.
“Achieving India’s 500 GW non-fossil target will require a cohesive national and state-level regulatory framework that gives investors long-term confidence,” a statement issued by FICCI said, quoting Ashish Mittal, Director, Energy & Commodities, CRISIL.
Cap-and-floor mechanisms, viability gap funding and storage-as-a-service models will be critical to de-risk investments and unlock private capital at the scale India now needs, he said at FICCI’s India Power and Energy Storage Conference on Wednesday.
On energy storage, Ashok Sharma, the Deputy Managing Director, State Bank of . ​Latest News [ SOBAN NEWS: International and National ]
