SEBI Clarifies Renewable Energy Projects as PPP Under InvIT Regulations

Renewable Energy Projects Recognized as PPPs

The Securities and Exchange Board of India (SEBI) has formally clarified that renewable energy projects awarded via tariff-based competitive bidding by government entities are eligible for classification as Public-Private Partnership (PPP) projects under the Infrastructure Investment Trust (InvIT) Regulations.

This recognition facilitates the inclusion of such projects in the broader framework of infrastructure development and investment, necessitating compliance with appropriate regulations regarding risk allocation and stakeholder engagement under Power Purchase Agreements (PPAs).

For legal practitioners focused on infrastructure and investment, this development highlights the opportunity for engaging in renewable energy projects under the PPP model. Understanding the regulatory requirements will be crucial for advising clients looking to invest or participate in such projects.