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: Financing options must be scaled up to boost adoption of rooftop solar

Micro, Small and Medium-sized Enterprises (MSMEs) could be the next drivers of growth

29 September (IEEFA India): Micro, Small and Medium-sized Enterprises (MSMEs) could be the key to accelerating the adoption of rooftop solar in India – but financial institutions are often reluctant to lend to MSMEs because they prefer borrowers with strong financial track records and good corporate credit ratings. A new report by the Institute for […]

IEEFA India: Why prices skyrocketed at the power exchange

Renewables can help stabilise the grid and level costs amid the vagaries of coal stocks

29 September (IEEFA India): With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and […]

and September 29, 2021 Read More →

IEEFA: Renewable energy investment in India bounces back from COVID-19 slowdown

Investment in Indian renewables was US$6.6 billion between April and July 2021, beating the total for the previous financial year

19 August 2021 (IEEFA India): Renewable energy investment is rising again in India following the slowdown in the previous financial year due to the onset of the COVID-19 pandemic, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the first four months of this financial year (FY), from April […]

IEEFA: Commercial and industrial rooftop solar installs set to increase in India

A new generation of technologies is making rooftop solar even more cost effective

28 July 2021 (IEEFA India): The rate of rooftop solar capacity addition by commercial and industrial (C&I) consumers in India is expected to accelerate this year, as new and innovative solar technology solutions provide opportunities for businesses to save on electricity costs and contribute to corporate renewable energy targets, finds a new report by the Institute […]

IEEFA: No excuses, India must ramp up solar manufacturing to reduce reliance on imports

While China is the world leader in solar manufacturing, India has huge domestic potential that should be fully exploited

India has made huge strides in building renewable energy capacity and ranks fourth globally in terms of overall renewable energy capacity. As of May 2021, we have 95.6 gigawatts (GW) of installed renewable energy capacity, almost half of which (41GW) is solar energy. Raising its renewable energy ambitions further, India has created an ecosystem to support solar […]

July 19, 2021 Read More →

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 […]