The objective of the assignment is to provide a sound basis to Ministry of New and Renewable Energy, State governments regulators and other stakeholders in India to assess the investment climate and develop policy/regulatory framework (including buy-back rates and renewable energy quotas), keeping the true economic costs and benefits of renewable options in perspective.

The study may also lead to development of common approaches across states (while also allowing for state-specific requirements) and reduce the risks and cost of doing business.