Restrictive banking provisions hampering RE adoption in India
Restrictive banking provisions hampering RE adoption in India After restrictive net metering regulations and withdrawal of waivers for open access renewable projects, regulators are now restricting banking facility. Banking is important as it provides renewable developers a mechanism to utilize their excess generation and avail financial benefits in some cases. In the last one year, some RE rich states have moved from annual to monthly banking period while some have completely withdrawn the banking facility for RE projects. Gujarat and…