Separate funding sources and financing regulations for renewables on cards

RBI told to separate reneweable energy and thermal power in its regulations

The Ministry of New and Renewable Energy (MNRE) has asked for separate funding streams and financing regulations for the sector even as investment is becoming dry in the conventional energy space and renewable energy is taking over.

A senior government official said the ministry asked the Reserve Bank of India (RBI) to separate renewable energy (RE) from thermal power in its regulations in order to have different sectoral caps.

“The MNRE has asked the RBI to treat renewable separately from conventional energy. Lately banks have become wary of investing in power projects. But RE is a sunrise sector and we