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Banking Restrictions on Renewable Energy Projects in India

December 01, 2021
Vibhuti Garg
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Key Findings

Solar and wind projects are likely to produce excess energy during peak summer or windy seasons. Without a banking facility or with banking restricted to monthly rather than annual periods, that excess generation is lost.

Without banking provisions for excess energy, the business model for open-access renewable energy projects, which sell electricity direct to commercial and industrial (C&I) consumers, will become unviable.

Vibhuti Garg

Vibhuti Garg is an energy economist and IEEFA Lead India. Vibhuti’s focus is on promoting sustainable development through influencing policy intervention on energy pricing, adoption of new technologies, subsidy reforms, enhancing clean energy access, access to capital and private participation in various areas of the energy sector. 

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