New Renewable Energy Act, 2015

The New Renewable Energy Act, 2015 draft was tabled by MNRE on July 14, 2015. It is most comprehensive overhaul of the legislative and economic framework to govern the renewable energy sector in India. Till now, the renewable energy sector was governed by the Electricity Act, 2003, which is also undergoing amendments.

• Basic purpose of the Act was to increase the quantity of energy through renewable resources.On the other hand, to promote renewable energy in consonance with the government of India’s international obligations to reduce emissions of CO₂ and other greenhouse gases.
• Expected Benefits: The policy would enable a supportive system for ....