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A Move to Boost the Investment in the Renewable Sector

News:

India may include the Japanese yen in the basket of currencies it is considering for a foreign currency-denominated tariff plan for solar energy.

Source:- live mint

SNP Insight:

This move will help to increase the foreign investment in the renewable sector, which is expected to considerably reduce the renewable tariff, further this will help to implement govt's plan of introducing foreing currency based bidding in the sector, which will help to achieve the target of 175 GW of Renewable by 2022.

Source:- SNP Infra Research