Statement by Mr. Kushagra Nandan, Co-Founder and MD, SunSource Energy on Government of India’s notification of Electricity (Promotion of Renewable Energy through Green Open Access) Rules 2022 – EQ Mag Pro

Statement by Kushagra Nandan, Co-Founder and Managing Director, SunSource Energy :

“We welcome the Electricity (Promoting Renewable Energy through Green Open Access) Rules 2022 notified by the Government of India and feel that they are a shot in the arm for the green power demand in the C&I segment. The C&I segment accounts for about 50% of electricity consumption in India and the demand for green energy from this segment, especially from Open Access projects, has been growing rapidly in the last few years. By lowering the threshold for Open Access from the existing 1 MW to 100KW, the Government has opened up the door for this market to multiply multi-fold in the coming few years.

Notifying a Central Nodal Agency for setting up and operating a single-window green energy open access system for renewable energy, is likely to lead to a simplified and smooth centralised approval process for the developers. It is also likely to open up the market in many more states.

Additionally, there will be better tariff visibility that will reduce regulatory uncertainty. We feel that the Green Access Rules 2022 will benefit the Renewable Energy business in the country. Now the focus should be on actual implementation and acceptance by the states.”