| | OCTOBER 20178Consultants ReviewKroll help leaders reduce risk, manage compliance, navigate litigation and make confident decisions. Reshmi has more than 15 years of experience in the United States as well as in South and Southeast Asia conducting complex corruption investigations, litigation support projects, and due diligence on the management, operations, and business models of organizations.ndia's targets for renewable energy output over the next 5 years are ambitious and well known. In June 2015 the Indian government announced plans to install 175 GW of renewable energy capacity by 2022, including ramping up India's solar power capacity target under the National Solar Mission by five times, to achieve 100 GW by 2022.Equally well known are the challenges that the renewable energy sector is facing in India. In the solar power industry, tariffs are falling with each subsequent auction, state governments are asking power producers to reduce tariffs retroactively which threatens to send their business plans in a tizzy, and there are concerns among developers that state electricity distributors (`discoms') may not honour electricity offtake commitments in power purchase agreements (PPAs) that were signed when tariffs were higher. It has been widely reported that the discoms of UP and Tamil Nadu have asked solar power project developers to cut rates of electricity agreed upon in earlier contracts.Add to this the curious problem of too much solar and wind power being produced in some states which they are unable to use or transmit to other states. This is due to the geographic spread of India, the fact that installed solar and wind power capacity is highly concentrated in a few states and the fact that many state grid operators and IN MY OPINIONBy Reshmi Khurana, Managing Director & Head, South Asia, KrollINVESTORS GRAPPLE WITH ISSUES AS THEY TRY TO BENEFIT FROM THE BURGEONING RENEWABLE ENERGY SECTORI | | JUNE 20171Consultants Review
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