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’s biggest oil and gas giant takes a leap into clean energy

Reliance Industries’ entry into clean energy could be a game changer for India

In late June this year, Mukesh Ambani, chairman of Reliance Industries, announced a Rs75,000 crore (US$10bn) investment plan into clean energy in India over the next three years. This announcement was met with the usual eye roll. A perceived shift to clean energy by a big oil and gas giant is fraught with both scepticism […]

IEEFA India Podcast: Meet the zero-emissions power couple – solar and electric vehicles

Exploring the potential of combining rooftop solar and EVs in decarbonising India’s transport sector

 India has ambitious plans to become a 100% electric vehicle (EV) nation by 2030, and the government is offering plenty of incentives to accelerate EV uptake. But the key to decarbonising India’s transport sector will be deploying solar energy-powered EV charging stations across the country. IEEFA’s new podcast explores the potential of combining rooftop […]

IEEFA: Why India’s solar power tariffs are climbing after hitting record lows last year

What’s behind the recent increase?

Solar tariffs are deflationary. Prices have fallen by 75% in seven years in India, and in 2020 solar tariffs hit record lows. From 2019 to the first quarter of 2020, most of India’s newly-auctioned solar projects saw tariffs in the range of Rs2.5-2.87/kilowatt hour (kWh). Then in February 2020, the Ministry of New and Renewable Energy […]

June 24, 2021 Read More →

IEEFA: Global investment is racing to meet the IEA’s Net Zero by 2050 roadmap – how will this impact India?

Global shift of funds away from fossil fuels is accelerating

The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]

June 11, 2021 Read More →

IEEFA India: Electricity derivatives will offer more certainty of power offtake for renewable investors

Sale of electricity in the futures market will benefit renewable energy developers and distribution companies

9 June 2021 (IEEFA India): The introduction of derivatives to India’s short-term power market will make it easier for renewable project developers to enter into offtake arrangements with state-owned distribution companies (discoms), finds a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). “The launch of new financial instruments will enable […]

IEEFA: Finance needs to be at the centre of India’s ‘net zero’ discussion

India must exploit the growing pool of global capital as well as tap the resources of oil and gas majors pivoting to renewable energy

With U.S. climate envoy John Kerry’s visit to India a rumour of a potential net zero announcement by India is doing the rounds. A recent flurry of reports and commentary has thrown the spotlight on India’s emerging ‘net zero’ emissions position. Whether net zero is slated for 2050 to beat China by a decade, 2047 […]

April 21, 2021 Read More →

IEEFA: Backlog of unsigned power sale agreements risks slowing India’s renewable energy growth

Freeing up India’s ‘on-hold’ renewable energy capacity

7 April 2021 (IEEFA India): Delays in signing power sale agreements (PSAs) are a bottleneck in the growth of renewable energy capacity in India, jeopardising the government’s renewable energy target of 175 gigawatts (GW) by 2022, dampening investor confidence and threatening the viability of projects, finds a new briefing note from the Institute for Energy […]

IEEFA: What India can learn from Australia’s distributed energy transformation

Combining rooftop solar with batteries and electric vehicles is in India's near-future

31 March 2021 (IEEFA India): Policy makers and regulators must build the framework required for combining rooftop solar with battery storage and electric vehicles to meet Prime Minister Narendra Modi’s vision for a sustainable, energy-secure future, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). In addition to the […]

IEEFA: India’s $122bn stimulus for energy promotes renewables but lacks clarity in additional funding streams

Is India’s 'green recovery' green enough?

22 March 2021 (IEEFA India): While India has committed more public money than any other economy to date – at least US$122 billion – to supporting the energy sector since the start of the COVID-19 crisis in early 2020, a new report shows the government’s stimulus is a ‘mixed bag’ for the country’s energy transition. […]

IEEFA: Finance Analyst – Energy Sector (India)

IEEFA is seeking an experienced financial professional to cover the energy sector in India

March 11, 2021 (IEEFA) ⎼ IEEFA is looking for an experienced financial professional with deep knowledge of the energy sector in India to work as a contracted consultant. The consultant will conduct financial analysis, financial modeling and market analysis in Excel. S/he will draft, format and proof reports and content related to energy and energy […]