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Press Release, Vibhuti Garg and Guest Commentary: Jyoti Gulia
The focus should be on helping manufacturers become globally competitive
7 January 2021 (IEEFA India): Although one of the top 10 solar module producers in the world, India is lagging behind its biggest competitor China, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. The report, Viability Assessment of New Domestic Solar Module Manufacturing Units, finds current production capacity in […]
IEEFA
ETEnergyworld.com: State-owned Coal India on Monday said it plans to set up 14 rooftop and ground-mounted solar power projects of 3,000 MW capacity by 2023-24 which will entail an investment of Rs 5,650 crore. Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company. Solar power initiative is a […]
Tim Buckley
The writing is on the wall for coal, and now globally significant financial institutions are starting to shun high risk oil and gas projects
What started as a trickle is turning into a rush for the exit as countries, financial institutions and companies commit to quitting coal – and increasingly oil and gas as well. 2020 to-date has seen 56 global banks, insurers, pension funds and asset managers announce new or expanded coal exit policies – 143 globally significant […]
Guest Commentary: Gireesh Shrimali
Coal power generation under pressure from increasing renewable energy
At approximately 70% of generation, coal is the dominant fuel for electricity (or power) in India.[1] Further, in India, most coal (again, approximately 70%) is used for power generation.[2] Due to various reasons; including coal’s historic cost-competitiveness, energy security, incumbency and ability to provide baseload power; many believe that coal is likely to remain the […]
IEEFA
The Sydney Morning Herald: The $52 billion super fund for healthcare workers has divested holdings in thermal coal companies under a new climate policy that commits to ‘net zero’ emissions across the entire portfolio by 2050. HESTA’s updated climate plan involves reducing absolute carbon emissions across its investment portfolio by 33% within the decade and […]
IEEFA
Reuters: India’s annual electricity generation from coal-fired utilities fell in 2019 for the first time in a decade, government data showed, amid a broader economic slowdown and increased use of renewable energy. India is the second largest consumer, importer and producer of coal behind China. The world’s third largest greenhouse gas emitter consumed nearly 1 […]
IEEFA
The Economic Times: Capacity utilisation of coal-fired power plants is set to decline in FY20, following a slowdown in power demand growth from 6.4 per cent in the first eight months of FY19 to 1.2 per cent during FY20 and higher generation from hydro and renewable sources, according to estimates by ratings agency ICRA. It […]
Press Release and Vibhuti Garg
Government embracing shift away from dominance of fossil fuels in energy portfolios
December 2019 (IEEFA India): The Indian government is leading the adoption of new energy technologies in the current global energy transition through various policy initiatives and learning by doing, a new IEEFA briefing note has found. In October 2019, the Ministry of New and Renewable Energy (MNRE) asked all state owned enterprises (SOEs) to prioritise […]
IEEFA
Reuters: A sharp plunge in India’s electricity demand in October has been matched by falling coal imports, but weakness in vehicle sales and fuel demand hasn’t yet showed up in crude oil imports. Power demand in Asia’s third-largest economy slumped 13.2% in October from a year earlier, the steepest monthly decline in more than 12 […]
IEEFA
Bloomberg: India’s coal ministry is preparing a plan to cut imports of the fuel by at least a third over the next five years, counting on an increase in domestic production and a jump in renewable output, according to people familiar with the plan. Imports are seen falling to below 150 million tons by the […]
IEEFA: India could compete against China in solar module production with the right government support
The focus should be on helping manufacturers become globally competitive7 January 2021 (IEEFA India): Although one of the top 10 solar module producers in the world, India is lagging behind its biggest competitor China, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. The report, Viability Assessment of New Domestic Solar Module Manufacturing Units, finds current production capacity in […]