Making Renewable Energy Markets Work

The document details the India-UK Energy for Growth Partnership, focusing on four main areas of cooperation: capacity building for legislators, off-grid renewable ventures, the development of the offshore wind market, and the scaling of solar initiatives. It highlights the UK's role in providing technical advisory, financial modeling, and policy frameworks to help India reach its target of 175GW of renewable energy by 2022. Key efforts include the creation of the 'Renewable Energy Local Area Development toolkit' for legislators and the formulation of the National Offshore Wind Energy Policy in 2016.

• India set a target to achieve 175GW of renewable energy by 2022, supported by a roadmap of regulatory reforms and market-support measures.
• The UK has supported Indian state legislators since 2010 to develop decentralized renewable energy policies, leading to the 2017 launch of 'The Renewable Energy Local Area Development toolkit' to help legislators implement RE projects in their constituencies.
• UK technical assistance helped formulate India's National Offshore Wind Energy Policy in 2016, with work in Gujarat and Tamil Nadu preparing for the first bidding rounds expected by 2018.
• To improve the financial viability of solar energy, the UK launched the 'Capital Market Climate Initiative (CMCI)' in September 2010 to mobilize private finance for low carbon infrastructure in India.
• UK-supported pilots for off-grid renewables in Bihar and Uttar Pradesh, such as powering mobile towers, revealed that a lack of risk guarantees limits sector expansion, prompting the UK to explore risk guarantee mechanisms for entrepreneurs.

APA

Climate and Development Knowledge Network (n.d.). Making Renewable Energy Markets Work. https://cdkn.org/sites/default/files/files/INDO-UK-Partnership-Renewable-Energy-.pdf

Chicago

Climate and Development Knowledge Network. Making Renewable Energy Markets Work. n.d. https://cdkn.org/sites/default/files/files/INDO-UK-Partnership-Renewable-Energy-.pdf.

Wikipedia

{{cite report |author=Climate and Development Knowledge Network |title=Making Renewable Energy Markets Work |url=https://cdkn.org/sites/default/files/files/INDO-UK-Partnership-Renewable-Energy-.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climateanddevelopmentknowledgenetworkndmaking, author = {{Climate and Development Knowledge Network}}, title = {{Making Renewable Energy Markets Work}}, institution = {Climate and Development Knowledge Network}, url = {https://cdkn.org/sites/default/files/files/INDO-UK-Partnership-Renewable-Energy-.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }