Industry players in the renewable energy sector are of the view that there are a number of policy decisions related to import duties and domestic manufacturing, which, if taken, could further boost the sector.
The Union Budget 2018 is around the corner. As a vital component of a nation’s infrastructure, energy production is at the core of its economic progress.
The government will need at least $125 billion (Rs 8 lakh crore) to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.
The renegotiation of tariffs under renewable power purchase agreements (PPAs) by quoting high tariffs is not an apparent option available with state discoms.
It’s no secret that renewable energy promotion involves financial costs. But what is unknown is the quantum of the expense.
Goyal was replying to K H Muniyappa of the Congress in the Lok Sabha. He was asked whether the Karnataka Power Minister (D K Shivakumar) repeatedly requested the Centre to solve the coal problem in the state.
Suzlon Energy, India’s largest indigenous wind turbine manufacturer, is also reeling under the regulatory changes unfolding in the wind energy sector.
The Government on Wednesday was apprised of Memorandum of Understanding (MoU) on India-Italy Cooperation in Renewable Energy between both the nations.
The UK’s development finance institution CDC today said it has formed a new company Ayana Renewable Power that will focus on operations in India and neighbouring South Asian countries.
As it inches towards the March 2022 target of 175 gigawatts (GW) of renewable energy (RE) capacity, India’s green push is blunted somewhat due to the feeble progress in addressing the damage on account of the country’s massive fleet of aging and inefficient coal- and lignite-fuelled thermal power plants.