India scraps central renewable energy pricing pools to speed up power deals

The Ministry of Power said it was dissolving the solar power central pool and the solar-wind hybrid central pool, set up in February 2024 to standardise tariffs for clean energy projects over a three-year period, the memo dated August 1 said. The pools were part of a uniform renewable energy tariff (URET) mechanism aimed at protecting buyers from fluctuating prices. India has a large pipeline of renewable energy projects waiting for power sale agreements and to avoid further delays, the ministry said it was withdrawing the order.