The demand for energy is on rise, and will continue scaling higher pushed by industrialization and urbanization. Currently, fossil fuels meet the majo r part of energy demand emanating from across the globe. However, environmental pollutions and concerns pertaining to depleting natural resources have swayed trends in favor of greener alternatives. The energy and power industry is expected to gain considerably from the ongoing transition, exhibiting impressive growth worldwide. The energy and power industry is also a highly regulated one, wherein regulatory uncertainties frequently obstruct the smooth sail of companies. It is currently undergoing rapid transformation, with governments adopting initiatives to curb dependence on non-renewable and traditional sources of energy. This in turn paves way for growth in the coming years, however, not without hindrances.