India has set ambitious renewable energy targets for this year of 175 gigawatts by 2022, an increase of 400 percent over 2014. But even as India looks to add new wind and solar plants, it is working to absorb the renewable power it already generates.
At a time of record low renewable energy power purchase agreements in the U.S.—as projects compete for buyers before federal subsidies expire—corporate buyers could bring real benefits to other energy customers.
Until now, community solar has largely benefited residential and small non-residential customers in a specific community. Yet there are other stakeholders who also want to get into the shared renewable space—large corporate buyers.
The excitement around clean energy access through distributed renewable energy has a good basis in real world experience. By creating the right policy and regulatory conditions, international clean energy access initiatives can help other countries benefit from greater access to electricity through distributed renewable energy.