India’s new power tariff policy approved by the Cabinet aims to promote clean energy, better regulation of India’s Distribution Companies (Discoms) and faster roll-out of investment. Good news for solar; amendments include increasing the Renewable Purchase Obligation (RPO) to 8% for solar energy by March 2022.

The Minister of Power, Piyush Goyal comments that the new policy reform is aimed at achieving the 4E’s: Electricity for all, Efficiency to ensure affordable tariffs,Environment for a sustainable future and Ease of doing business to attract investments and ensure financial viability.

Under the new policy, previously struggling discoms are required to purchase a certain amount of their energy from renewable sources under the Renewable Purchase Obligation(RPO). In addition, new coal or lignite-based thermal plants will also have to procure or purchase renewable capacity as part of the Renewable Generation Obligation (RGO).

However is this new tariff policy what investors are looking for to upscale their investments? Discover directly as investors give their insights at India’s Renewable Energy Congress (InREC) 26-27 April, New Delhi. Managing Director of Green Stone Investment Bank, Rahul Goswami, anticipates “open and honest discussion to find out best practises; whether its new investment models, innovative technologies or the best O&M strategies”.

The policy might just be the start of the renewable energy revolution; companies have already seen the tremendous opportunities that India holds including Huawei, who have partnered with InREC this year.

InREC is the ONLY business led event for active renewable energy professionals in the industry. With over 50 speakers including Deutsche Bank, Morgan Stanley Infrastructure, Aditya Birla Group, Acciona Energy, India, Sindicatum Sustainable Resources, Tata Cleantech Capital Limited, Mytrah Energy India Limited, HSBC India, KFW, IFC, Fumase, PTC Financial. InREC is set to be the most exciting, high-level congress bringing 200 attendees from the solar and wind sector critical market information needed to inform business strategies.

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Courtesy by www.businesswire.com