The Central Electricity Regulatory Commission released draft guidelines for virtual power purchase agreements (VPPA), which could evolve as another instrument to enable the designated consumers to meet their renewable consumption obligation targets. These guidelines aim to help India achieve its goal of 500 GW of installed capacity from non-fossil fuel sources. The Commission said that a VPPA consumer or a designated consumer may enter a long-term bilateral VPPA with a renewable energy generator at an agreed-upon price.