As India rapidly climbs the global economic ladder, overtaking Japan to fourth position, its ambitious goal of attaining 500 gigawatt (Gw) renewable energy (RE) capacity by 2030 stands as a critical pillar in its economic growth as well as climate leadership. However, goals in the renewable sector face significant challenges. A case in point is the looming expiry of the Inter-State Transmission System (ISTS) charge waiver. We have already arrived at the point when the waiver expires. There are uncertainties in financial projections, jeopardising nearly `5 lakh crore in investments and potentially stalling India’s rapid clean energy ascendance.

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