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IEEFA
Bloomberg ($): Financial institutions in South Korea, one of the world’s top funders of coal, have failed to keep up with their global peers in setting policies to exit the dirtiest fossil fuel, an activist group said. Seoul-based non-profit Solutions for Our Climate assessed 100 companies, including banks, asset managers, securities firms and insurers in […]
Vibhuti Garg
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 […]
IEEFA
Energy Storage News: Fluence is forming a new company with independent power producer (IPP) ReNew Power, aimed at providing energy storage solutions in India. Energy storage technology provider Fluence, which also offers digital asset management and energy trading software for the renewable energy sector, delivered the country’s first operational grid-scale energy storage system, a 10MW […]
Purva Jain and Press Release
Lower demand for LNG leads to under-utilisation of infrastructure and raises stranded asset risks
19 January, 2022 (IEEFA India): High and volatile liquefied natural gas (LNG) prices are an opportunity for India’s gas-dependent industries and the city gas distribution network to switch to cleaner, non-fossil fuel alternatives like biogas and biomethane, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). This will also avoid […]
Tim Buckley
The avalanche of technology, policy and finance moves is now unstoppable
The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen […]
IEEFA
The Economic Times: NTPC on Tuesday invited bids to set up a 900-megawatt (MW) solar energy park in the Republic of Cuba. NTPC, a corporate partner of ISA International Solar Alliance (ISA), has been chosen as the preferred partner for implementation of the projects. According to the official press release, NTPC and the Union Electrica […]
IEEFA
S&P Global Market Intelligence ($): India’s journey to net-zero emissions will get a shot in the arm from nearly $150 billion of planned investments in green energy announced by its two richest tycoons, who both owe their fortunes to carbon. Reliance Industries Ltd., the flagship of Asia’s richest man, Mukesh Ambani, announced plans to invest […]
Vibhuti Garg
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 […]
IEEFA
Reuters: India’s Reliance Industries (RELI.NS) said it would invest 5.95 trillion rupees ($80.49 billion) to set up green energy projects and bolster its retail and telecom arms in the western state of Gujarat, as it targets net-zero carbon emissions by 2035. Owned by billionaire Mukesh Ambani, the conglomerate has in the past year unveiled plans […]
Vibhuti Garg
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 […]
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 […]