Author Archive: Vibhuti Garg

Energy Economist, Lead India Vibhuti Garg has over 16 years of experience in the energy sector. Her work includes promoting sustainable development through influencing policy intervention on energy pricing, subsidy reforms, enhancing clean energy access, access to capital and increasing private participation.

IEEFA India: What’s in store for renewable energy this budget?

Government will likely put in place strategies to reduce reliance on expensive fossil fuel imports

There is much to look forward to in India’s 2022-23 Budget. The Government of India has already set a target to achieve 500 gigawatts (GW) and a 50% share of energy from non-fossil fuels by 2030, backed up with a net-zero emissions by 2070 pledge delivered at COP26. As the Government would know, in order […]

January 24, 2022 Read More →

IEEFA India: Scaling up rooftop solar finance

To realise rooftop solar's potential, funding for commercial and industrial sector installations needs to be as innovative as the technology

India has set a target of 40 gigawatts (GW) of rooftop solar by 2022. As of 30 June, 2021 India had 7.7GW of installed rooftop solar capacity. The commercial and industrial (C&I) sector accounts for about 75% of the total rooftop solar installations in India and accessible financing is a prerequisite to drive growth in […]

January 17, 2022 Read More →

IEEFA Update: How Indonesia’s coal export ban could impact India

What does it mean for power generation and energy security?

Not long ago, India faced coal shortages due to a decline in domestic coal production after mines flooded during the monsoons. That had more to do with developers not maintaining enough coal stockpiles than a decline in domestic coal production. Some of this shortfall in domestic supply from August to October 2021 was met through […]

January 13, 2022 Read More →

IEEFA India: Restrictive banking provisions hampering renewable sector growth

Excess solar and wind generation will be lost due to restrictions on banking of electricity

In the last few years, India’s renewable energy installations have increased substantially from 63 gigawatts (GW) in December 2017 to reach 104GW as of November 30, 2021. Falling technology costs and a strong regulatory push from the Central government have helped to drive this growth, along with state governments giving various waivers and incentives to […]

IEEFA/JMK India: New restrictions on banking of power risk curbing renewable energy growth

Surplus solar or wind power in peak generation periods will be wasted unless there are provisions to deposit and withdraw

21 December 2021 (IEEFA/JMK Research India): New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis […]

IEEFA Update: India’s coal crisis produced twin glaring conclusions – coal is expensive and unreliable

The coal crisis must accelerate the push for renewables – and solar is now the prime low-cost source of electricity in India

A key takeaway from India’s coal crisis is the urgent need for the country to accelerate its transition to a secure, reliable and low-emissions electricity system. India faced huge coal shortages from mid-August to October 2021. Monsoons impact Coal India Ltd. (CIL) production every year, but this year was different – India witnessed an extended […]

November 30, 2021 Read More →

IEEFA/JMK Research: Round-the-clock tenders can help meet demand for firm renewable power

Tenders have evolved from “vanilla” solar or wind, to hybrid, to round-the-clock

24 November (IEEFA/JMK Research India): Electricity distribution companies (discoms) demand firm and uninterrupted renewable power. A new report by IEEFA and JMK Research highlights the important role that different mixes of generation sources and storage technologies can play in overcoming the intermittency challenge of variable renewable energy (VRE) and ensuring grid stability. Renewable energy blended […]

IEEFA India: Developed countries will have to massively scale up climate finance

The US$100 billion a year pledge is nowhere near enough to meet the Paris targets

The COP26 summit in Glasgow saw big carbon-emitting countries including India commit to net zero emissions (NZE) and a deal between the U.S and China, the two biggest emitters, to ramp up climate cooperation, including reducing methane emissions as an urgent priority, protecting forests and phasing down coal. However, despite major breakthroughs, the conference has failed […]

IEEFA: For India’s ‘RE+’ goals, capital is key

Access to finance is critical in transforming India’s renewable energy and grid infrastructure

The electricity transition is happening – but not fast enough to limit the global average temperature rising by 1.50C.  To realise India’s ‘RE+’ goals and to help the world achieve the Paris Agreement aims, power investment will need to increase. Compared with average annual investments projected in the International Energy Agency’s (IEA) Sustainable Development Scenario, […]

October 28, 2021 Read More →

IEEFA India: Energy crisis shows coal is an expensive and unreliable source of electricity generation

Any knee-jerk reaction that urges more investment in coal completely misses the point

India is teetering on the brink of joining a growing global energy crisis. This burning issue is not only keeping coal power producers, distribution companies, and state governments awake at night, but also the Prime Minister’s Office, the Ministry of Power and the Ministry of Coal. Daily analysis of coal stocks is taking place at […]

October 18, 2021 Read More →