India’s renewable energy sector attracted investments of over $42 billion over the past four years and green energy projects have created over 10 million man-days of employment per annum over the period.
The big ticket Rs 1.4 lakh crore KUSUM scheme to promote the use of solar power among farmers will be implemented from next month, renewable energy minister R K Singh said today.
India is poised to achieve 225 GW renewable energy capacity addition by March 2022, as against the current target of 175 GW project capacity by the said deadline.
The growth in the solar rooftop segment has not been significant, and the government may find it difficult to achieve the target of installing 40 gigawatt (GW) of capacity by 2022, say experts.
State-run Energy Efficiency Services Ltd (EESL) which is implementing the seven million solar study lamp scheme of the Ministry of New and Renewable Energy (MNRE) with the Indian Institute of Technology Bombay (IIT-B), is planning to take it as a business model for distribution of solar lamps throughout the country.
The government has given the country’s booming renewable energy industry a serious boost. The Ministry of New and Renewable Energy announced a new wind-solar hybrid policy last week that will see the installation of wind-solar-hybrid plants—where both windmills and solar panels are on the same piece of land.
The Tamil Nadu Energy Development Agency (TEDA) is seeking expressions of interest (EoIs) from companies and consortia willing to take part in a 500-MW solar project in the state.
India and China are likely to identify projects in areas of health, education and food security that the two countries can jointly undertake in Afghanistan, following discussions between Prime Minister Narendra Modi and President Xi Jinping at the recent Wuhan Summit.
Two Indian renewable energy firms are set to unveil stock market listing plans in the coming weeks, giving investors a new way to gain exposure to the sector at a time when India is pushing to make renewable power a bigger part of its energy mix.
BP made a mistake in its 2018 World Energy Outlook by underestimating the speed of renewables adoption, notably solar capacity.