Renewable Energy Sector in India: Legal Perspectives, Issues and Challenges

Abstract

India has made important strides in the generation of renewable energy in last few years. The nation has established a number of rules and regulations to aid in the development of this sector, and it has set lofty goals for the deployment of renewable energy. To fully realise India's potential for renewable energy, however, a number of legal issues still need to be resolved.The requirement for a precise and uniform legal framework for renewable energy is one of the major challenges. The current legal system is disjointed, and there is confusion over a number of significant issues, including PPA enforcement, grid access, land acquisition, conflict with food security, consumer, environmental and human rights issues etc. Investors have found it challenging to establish renewable energy projects in India, as a result.An effective enforcement of current rules and regulations is another difficulty. India is positioned to dominate the worldwide market for renewable energy despite these obstacles. The nation boasts a sizable and expanding market for renewable energy as well as a wealth of renewable energy resources. India can overcome its current obstacles and emerge as a world leader in renewable energy with the help of the proper policies and financial investments. This paper emphasises upon the challenges faced by various stakeholders of the Renewable Energy sector and makes an attempt to provide for the amicable solutions to these issues.