Powering Up—Private Equity Frameworks in Renewable Energy

The government has positioned renewable energy as a pillar of its long-term economic development strategy. Under the revised energy regulatory frameworks, the state is aggressively expanding public-private partnerships (PPPs) for both on-grid and off-grid solutions. Backed by the transition to a market-based foreign exchange system, international energy developers now face vastly reduced risks concerning currency convertibility and tariff repatriation, making large-scale solar, wind, and geothermal concessions highly competitive. Source of the News: International Comparative Legal Guides (ICLG) Energy Regulations Report.