IEEFA calls on Rajasthan, Gujarat to strengthen renewable policies
POWER & RENEWABLE ENERGY

IEEFA calls on Rajasthan, Gujarat to strengthen renewable policies

A report by the Institute for Energy Economics and Financial Analysis (IEEFA) urges renewable energy leaders Rajasthan and Gujarat to bolster their policies to sustain growth and propel India’s energy transition. The report recommends implementing green tariffs, green budgeting, and dedicated infrastructure funds to maintain their leadership in renewable energy.

IEEFA Director for South Asia, Vibhuti Garg, emphasised the need for regular assessments to prevent momentum loss. Co-author Tanya Rana highlighted Rajasthan’s lack of a green tariff, contrasting with Gujarat's premium pricing. By establishing green tariffs, Rajasthan could drive renewable demand and investments, while Gujarat could enhance its regulatory framework to avoid deterring consumers.

The report advocates for green budgeting in fiscal planning, helping both states prioritise renewable investments. Despite leadership in distributed solar, it represents only 7% of Rajasthan's and 15% of Gujarat's total capacity. Expanding distributed renewable energy (DRE) would diversify energy sources, reduce dependence on central plants, and boost economic growth.

IEEFA also recommends dedicated infrastructure funds to attract large-scale green energy investments. This multifaceted strategy, combining financial and governance support, is essential for Gujarat and Rajasthan to meet ambitious renewable targets. (ET)

A report by the Institute for Energy Economics and Financial Analysis (IEEFA) urges renewable energy leaders Rajasthan and Gujarat to bolster their policies to sustain growth and propel India’s energy transition. The report recommends implementing green tariffs, green budgeting, and dedicated infrastructure funds to maintain their leadership in renewable energy. IEEFA Director for South Asia, Vibhuti Garg, emphasised the need for regular assessments to prevent momentum loss. Co-author Tanya Rana highlighted Rajasthan’s lack of a green tariff, contrasting with Gujarat's premium pricing. By establishing green tariffs, Rajasthan could drive renewable demand and investments, while Gujarat could enhance its regulatory framework to avoid deterring consumers. The report advocates for green budgeting in fiscal planning, helping both states prioritise renewable investments. Despite leadership in distributed solar, it represents only 7% of Rajasthan's and 15% of Gujarat's total capacity. Expanding distributed renewable energy (DRE) would diversify energy sources, reduce dependence on central plants, and boost economic growth. IEEFA also recommends dedicated infrastructure funds to attract large-scale green energy investments. This multifaceted strategy, combining financial and governance support, is essential for Gujarat and Rajasthan to meet ambitious renewable targets. (ET)

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code