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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) […]
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 […]
Simon Nicholas
Over reliance on hydro whilst slashing wind and solar increases risk of missing the 60% clean energy target
Pakistan has released a new version of its long term power plan – the Indicative Generation Capacity Expansion Plan (IGCEP) for 2021. IEEFA highlighted some issues with the 2020 version in September last year. The new iteration of the IGCEP – prepared by the National Transmission and Despatch Company (NTDC) – states on page 1 […]
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 […]
Kashish Shah and Press Release
Massive stranded asset risk detrimentally affects the financial and power distribution sectors
7 July 2021 (IEEFA India): India’s future coal-fired power project pipeline carries a massive stranded asset risk due to the collapse in the average utilisation rate of its coal-fired power fleet leading to an underestimation of financial risk for new projects, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). […]
Guest Contributor: Gabrielle Kuiper
Acknowledges need to move to more transparent mechanism developed with stakeholder input
Australia has a growing opportunity to change how we use electricity to make the most of abundant solar in the middle of the day. The question is how best to make use of this wonderful resource, while managing system security. South Australia is at the cutting edge of this opportunity. The proportion of South Australia’s […]
Vibhuti Garg
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 […]
Sam Reynolds
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the past four years pushing expensive, unreliable energy infrastructure in the Philippines, rather than promoting cheap renewable technologies better suited for the Philippines market and its clean energy goals. The former Trump administration’s “energy dominance” agenda aimed to stimulate Southeast Asian demand for US fossil gas and nuclear exports as […]
Kashish Shah and Press Release
Coal capacity additions face major stranded asset risk
4 June 2021 (IEEFA India): Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under construction and another 29GW in the preconstruction stage will end up stranded, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). “Coal-fired power simply cannot compete with the ongoing cost reductions […]
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 […]