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India Tells Clean Energy Firms to Free Up Grid or Post More Collateral
India's power regulator told clean energy firms to surrender unused grid rights or post more collateral, freeing 15.7 GW of capacity for active projects.
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India ordered renewable energy companies to either surrender unused transmission rights or post higher bank guarantees, a move meant to free grid capacity for projects that are actually generating power.
The Central Electricity Regulatory Commission, in a July 11 order, said companies can also transfer transmission rights to a group utility that is generating but lacks grid connectivity. The regulator noted that a large volume of renewable capacity awarded between 2019 and 2025 has no customers yet.