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Vibhuti Garg
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 […]
IEEFA
Nikkei Asia ($): Looking to scale up its green energy portfolio from 4 gigawatts at present to 25 GW by 2030, Indian electricity producer Tata Power is betting heavily on the “huge potential” that the South Asian nation of over 1.3 billion people offers in the field of renewable energy. “For a country like India, […]
Guest Contributor: Saloni Sachdeva Michael and Press Release
A hybrid (green + credit) rating for distribution companies would boost progress on decarbonisation goals
14 October (IEEFA India): To encourage change in high-carbon sectors, India’s power authorities could introduce a green rating when assessing financial support and bail-outs for power distribution companies (discoms), says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). With lndia moving towards decarbonisation of its power sector, says report author […]
Clark Williams-Derry
Volatility highlights urgency for renewables-based energy solutions
“Energy crisis.” The phrase evokes nearly-forgotten images of gasoline queues in the 1970s, but increasingly describes the spike in global fossil fuel prices. A handful of commenters eagerly lay the blame on renewable energy, which they claim has distracted the world’s attention from investments in oil, gas, and coal production that could have calmed markets. […]
Tim Buckley
Regional leadership up for grabs in the energy transition
The global transition to clean energy has ended its initial phase of incremental growth and is on the brink of transformational change. However imperfect may be the outcomes of November’s United Nations COP26 Climate Change Conference in Glasgow, policy, economic and financial forces are now combining to drive the rapid adoption of renewable energy around […]
IEEFA
Nikkei Asia ($): The European Union is to push for an end to the exploitation of Arctic gas, oil and coal even as energy shortages rock countries and companies across the world, according to a draft new bloc strategy for the polar region. Brussels plans talks with partners over a possible multilateral ban on the […]
Tim Buckley
Global finance is aligning with industry leaders
It appears that Reliance Industries’ Mukesh Ambani and Fortescue Metals Group’s Andrew Forrest have drunk the same cool-aid as the Chair of the biggest asset manager in the world, BlackRock’s founder Larry Fink. The richest man in India set his firm towards a net-zero emissions by 2035 pledge in June 2021 while Australia’s Andrew Forest […]
Tim Buckley and Charles Worringham
Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity at the rate it’s achieved for the last three months, coal-fired power could peak in the 2023-24 financial year, and increased solar generation alone could meet the country’s growing electricity requirements in subsequent years. India’s electricity demand has surged and slumped in recent months as the economy revives in […]
IEEFA
Mercom India: Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) in July 2021. In July 2021, IFC, the financial arm of the World Bank, acquired a 4.99% stake in Federal Bank for […]
IEEFA
PV-Magazine: India could cut its overall cost of electricity in half and reach net zero before 2050 by developing a 100% renewable energy power system, according to a power system modeling study by Wärtsilä and the Finnish Lappeenranta-Lahti University of Technology. The modeling shows that increasing the share of renewable energy in the overall installed […]
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 […]