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Kashish Shah and Guest Contributor: Aditya Lolla
Ramping up solar will be crucial as peak power demand hits during the day
At around noon on 7 July 2021, India’s instantaneous power demand touched a historic high of 200 gigawatts (GW), beating the previous all-time high of 197GW which had been reached only the day before. These two consecutive days of record-breaking peak demand marked a sharp increase from the high of 190GW in financial year (FY) […]
IEEFA
The Economic Times: India is expected to add 68 gigawatt (GW) of renewable capacity in five years, up marginally from previous year’s estimate of 60 GW, with solar occupying 65 per cent of the share, according to a recent survey. Gujarat, Maharashtra, and Karnataka emerged as the top three states for overall growth prospects of […]
IEEFA
The Guardian: Trillions of dollars poured into rescuing economies around the world from the Covid-19 crisis have been spent in ways that worsen the climate crisis and harm nature because governments have failed to fulfil promises of a “green recovery” from the pandemic. Only about a tenth of the $17tn in bailouts provided by governments […]
Saurabh Trivedi, Tim Buckley and Press Release
Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity
19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]
Vibhuti Garg
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 […]
Shantanu Srivastava and Kashish Shah
Allowing distributors to leave end-of-tenure PPAs will accelerate retirement of ageing coal plants
The decision by India’s central power regulator to allow BSES, Delhi’s largest electricity distribution company (discom), to exit a 25-year-old power purchase agreement (PPA) with NTPC’s Dadri-I power plant potentially opens the floodgates to the relinquishment of end-of-tenure thermal PPAs. This is a welcome move that could accelerate the closure of old, inefficient coal power […]
IEEFA
The Economic Times: Union Minister R K Singh on Thursday exuded confidence that India will exceed its target of reducing carbon emission set for 2030 under the Paris agreement. Speaking at the inaugural session of the CII-organised Aatmanirbhar Bharat – Self-Reliance for Renewable Energy Manufacturing Conference, the Power, New and Renewable Energy Minister said that […]
Guest Contributor: Gireesh Shrimali and Guest Contributor: Abhinav Jindal
A case for battery targets complemented with discom-controlled dispatch
India needs to deploy batteries at scale in the power sector. The country envisages uptake of 450 gigawatts (GW) of renewable energy capacity by 2030. The high penetration of intermittent renewable energy will bring up issues around managing system flexibility in terms of steeper ramps and peaking load requirements. In India, system flexibility has historically […]
IEEFA
Agence France-Presse: Electricity generation from fossil fuel has peaked worldwide as emerging markets opt for cheaper renewable technology as part of a global shift to cleaner energy, analysis showed Wednesday. Renewable options such as solar and wind are already the cheapest source of new power generation in 90 percent of the world’s markets, meaning developing […]
IEEFA
PV Tech: India government-owned NTPC Renewable Energy has been given approval by India’s Ministry of New and Renewable Energy (MNRE) to build a 4.75GW solar project in Gujarat, India. On Monday (12 July) MNRE gave the go-ahead to the facility, which NTPC claims will be India’s largest solar plant to date. The New Delhi-based company […]
IEEFA: Backlog of unsigned power sale agreements risks slowing India’s renewable energy growth
Freeing up India’s ‘on-hold’ renewable energy capacity7 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 […]