Rethinking renewable energy power purchase agreements: appraising the change in law clause

This policy brief examines the risks involved in the ‘change in law’ clause in renewable energy power purchase agreements (PPAs) in India. It recommends either making provisions more nuanced or revising existing provisions in future PPAs to reduce uncertainty and improve their bankability. The brief is a part of the ‘CEEW Series: Rethinking Renewable Energy Power Purchase Agreements’, which addresses some of the key issues underlying the solar and wind energy sectors in India.