Renewable Energy - Business Outrank

India’s renewable energy is on the verge of potential regulatory changes, as it tries to solve some of the same problems as China and Europe, such as grid disturbances and negative energy prices. As the sector grows, it is possible that in the future, policies may become more stringent to ensure that energy is produced and consumed in a sustainable manner. This paper is based on a report by JM Financial which predicts that India’s renewable energy market will change in the next three to four years following the global regulatory trends. Many governments are now enforcing stricter rules to address surplus and promote order in the renewable energy sector which has rapidly developed due to incentives and policy support. China has already started to phase out subsidies for incentive-based development as it struggles with the consequence of too much renewable energy, which has resulted in negative electricity prices. In the same manner, the countries in Europe are also planning to stabilize their markets. For example, Germany is planning to stop subsidizing the integration of photovoltaic (PV) grid when electricity prices are negative to avoid problems in the market. Indians’ renewable energy sector has grown to a record high, with the installation of conventional power based on non-fossil fuel energy reaching 217.62 gigawatts (GW) as of January 20, 2025. In 2024, India added 24.5 GW of solar power and 3.4 GW of wind energy, more than two times the growth in solar installations and a 21% growth in wind energy capacity yearly. This is because government incentives, policy changes, and increased funding in domestic solar panel and wind turbine production have boosted the industry. This rate of growth, however, may very well be followed by regulation to avoid market surpluses and to guarantee the long-term sustainability of the sector. Solar energy remains the leading source, accounting for 47% of India’s total capacity of renewable energy. The following is a description of the situation in India: Solar energy is the leading source, accounting for 47% of India’s total capacity of renewable energy. However, as the growth is picking up, it is possible that in the future, regulations may be introduced to avoid the imbalances on the market and to guarantee the sustainability of the energy produced and consumed.

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