India’s solar and wind energy industries have developed very differently, with the former lagging considerably behind the latter. While wind energy has grown tremendously over the last decade – the first quarter of 2011 alone saw investments of about US$586 million going into the sector – solar energy is still at a nascent stage.
Although technological advancements in wind energy have helped fuel the growth in the sector, the real impetus for investment has come from the various incentives and policies put in place by the central and state governments.
To facilitate the growth of the solar energy sector the government issued the Jawaharlal Nehru National Solar Mission (JNNSM) Guidelines in June 2010, but it has not had the desired impact.
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Saurabh Bhasin is a counsel in the Delhi office of Trilegal, where Avirup Nag is a senior associate. The firm has offices in Delhi, Mumbai, Bangalore and Hyderabad and has over 140 lawyers, some of whom have experience with law firms in the United States, the UK and Japan.
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