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 governing the renewable energy sector in India. Till now, the renewable energy sector was governed by the Electricity Act, 2003.

Objectives

• To increase the share ofrenewable resources inenergy mix of India
• To promote renewable energy in consonance with the government of India’s international obligations to reduce emissions of CO₂ and other greenhouse gases.
• To set up dedicated renewable electricity investment zones.
• Enable a supportive system for growth of therenewable energy sector

Focus areas

• The focus areas include ....