India's Renewable Energy Sector Faces Regulatory Pressure Amid Global Trends

India's renewable energy sector is expected to face increased regulatory pressures, drawing lessons from Europe and China as it deals with challenges like grid disturbances and negative energy prices, according to a report by JM Financial. As the share of renewables in India's energy mix grows, domestic policies are likely to adapt based on global experiences over the next few years. Similar trends are observed in China, where policymakers are reducing subsidy-driven incentives due to issues with oversupply, while European nations are also controlling renewable promotions amidst price-related challenges. The report highlights that these regulatory shifts are aimed at enhancing discipline among market players and addressing emerging difficulties in the renewable sector. As India prepares for these transformations, the need for a balanced approach in promoting renewables alongside regulatory oversight is becoming increasingly apparent.