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CERC’s Guidelines for VPPAs in India: Key Takeaways for Corporates and Generators
Virtual Power Purchase Agreements (VPPAs) play – or have the potential to play - a key role in the development of renewable capacity in any market.
Doing business anywhere in the Asia Pacific region is extraordinary. At times the challenges can be immense, but so too the rewards.
There is nothing that can compare with the excitement of concluding a successful transaction, establishing a new business, or developing a new project in any one of the jurisdictions here. One deal leads to another, relationships accumulate, and layer upon layer of knowledge and trust are developed over time.
Norton Rose Fulbright has been active across the Asia Pacific region for several decades now. This is the eleventh edition of Doing Business in Asia Pacific we have produced at the behest of our clients, who have been very clear that this comprehensive guide to doing business in the region is something they value. This latest edition, edited by Partner Michael Joyce, covers the following jurisdictions:
Australia
China
Hong Kong
India
Indonesia
Japan
Malaysia
Myanmar
New Zealand
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
All of the facts are here in our publication. We cover visas and work permits, types of business entities, business environment and regulation, policy on foreign investment, government initiatives, government incentives, taxation, workplace relations and the means to forestall or resolve disputes.
We wish you great success in all your business dealings in Asia Pacific, and would be pleased to provide additional information and advice about any of the issues discussed in this guide.
Acknowledgments
We wish to thank the following for their contributions to this guide:
Alliance International Law Offices, Taiwan
Anderson Mori & Tomotsune, Japan
Barun Law, South Korea
Cyril Amarchand Mangaldas, India
DFDL, Myanmar
Parry Field Lawyers, New Zealand
Skrine, Malaysia
SyCip Salazar Hernandez & Gatmaitan, Philippines
Vision & Associates, Vietnam
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Virtual Power Purchase Agreements (VPPAs) play – or have the potential to play - a key role in the development of renewable capacity in any market.
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As far as the Mergers and Acquisitions (M&A) market is concerned, 2025 turned out to be a tale of two halves. The year began very positively with a downward trajectory in inflation and interest rates expected throughout 2025, and a pro-business deregulatory stance anticipated in the US under the second Trump presidency.
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The Sustainable Harnessing and Advancement of Nuclear Energy Act, 2025 (the SHANTI Act) came into effect in India on 21 December 2025. The SHANTI Act is the most sweeping reform of India’s nuclear regime to date, repealing the previously existing Atomic Energy Act, 1962 and the Civil Liability for Nuclear Damage Act, 2010 (CLND Act).
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