India Strengthens Renewable Energy Ties, Accelerates Reforms

• India is deepening renewable energy partnerships with 40+ countries and global institutions
• Annual 50 GW bidding, 100% FDI, transmission waivers and clearer regulations are in place
• Digital platforms, open access rules and stronger payment security support sustainable expansion

The Ministry of New and Renewable Energy (MNRE) informed the Rajya Sabha that the Indian Government is increasing its international partnerships while accelerating domestic policy changes to enhance renewable energy, energy storage and grid integration.

Union Minister of State for New and Renewable Energy Shripad Yesso Naik said the ministry is actively collaborating with multiple countries and international organisations to strengthen cooperation across solar, wind, green hydrogen, energy storage and grid technologies.

The organization establishes partnerships through Memorandums of Understanding, Letters and Joint Declarations of Intent, energy dialogues and strategic alliances.

The organization operates in multiple areas which include policy exchange, capacity building, knowledge sharing, personnel training, joint research and technical development projects through its workshops, seminars and working group activities. The ministry also maintains close engagement with foreign governments and private-sector stakeholders.

Also Read: India Strengthens Energy Ties With UAE, Canada at IEW

India currently has renewable energy cooperation frameworks with more than 40 countries and global institutions including the US, UK, Germany, France, Japan, Australia, UAE, Saudi Arabia and the IBSA Trilateral Forum multilateral platform.

The government has implemented extensive reforms to update the domestic sector through its current modernization efforts. The bidding trajectory establishes a requirement for 50 GW of power generation capacity which must be achieved each year from FY24 until FY28.

The business requires 100 percent foreign direct investment through automatic channels and it will not charge customers for inter-state transmission lines while they will provide Renewable Consumption Obligation targets until 2029-30. The system includes standard bidding guidelines which allow net-metering for systems up to 500 kW and it contains rules for offshore wind leasing and policies for wind repowering.

The government supports solar park development which includes the Green Energy Corridor, established quality standards, research and development initiatives and its digital platforms which provide monitoring capabilities and transparency.

The market reforms introduce Green Energy Open Access regulations together with the Green Term Ahead Market and enhanced payment security systems which create an efficient financial framework that maintains sustainability for India’s renewable energy system.