The power sector regulator has introduced a new framework for renewable energy projects. Developers can now surrender, transfer, or retain unused interstate transmission connectivity. This move aims to free up grid capacity for projects ready for commissioning. The regulator estimates 15.7 GW of connectivity could be released through this initiative. Developers retaining connectivity without a PPA must furnish a bank guarantee and commission projects within 24 months.

India's energy regulator has directed renewable firms to surrender transmission rights or provide higher bank guarantees. This move aims to free up grid capacity for projects that…

Power producers must surrender unused transmission rights or post higher bank guarantees to free up grid capacity