Global clean energy investments rose a marginal 3 per cent to $333.5 billion in 2017, led by China where investment in all clean energy technologies increased to $132.6 billion, up 24 per cent from 2016.
Solar modules worth more than USD 150 million are stuck at various ports in the country due to a dispute over their classification and the import tax applicable to them, sources said, which could delay Prime Minister Narendra Modi’s clean energy goals.
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.
India’s clean energy firms such as ReNew Power Ventures Pvt. Ltd and Greenko Group are looking at diversifying across the electricity value chain in segments such as transmission and distribution to derive better value.
From yoga guru Baba Ramdev’s Patanjali Ayurved Ltd diversifying into solar equipment manufacturing to companies amassing dry powder to bid for a mammoth 100 gigawatts (GW) of solar and wind contracts, India’s clean energy space is expected to witness a lot of action in 2018.
Union minister Dharmendra Pradhan on Tuesday stressed on the importance of energy in the development of the country, and assured the students of Indian Institute of Technology Bombay (IITB) that the government was committed to extend all kinds of cooperation to the institutions and researchers.
After competing with 75 startups that had come from 60 nations across the world, India-based Frontier Markets owned by Ajaita Shah won the Global Innovation through Science and Technology(GIST) Catalyst Pitch Competition on Thursday.
Companies are quick to pledge efforts to push renewable energy but found wanting when it comes to making investments in clean energy initiatives under their corporate social responsibility (CSR) heads.
The country’s top environment ministry bureaucrat said that “harsh measures” could be on the anvil to prevent a repeat of the smog that engulfed Delhi earlier this month.
With Access To Clean, Modern Energy, Poorer Countries Look To Power Ahead Through Innovation – UN Report
In its 2017 report on the world’s 47 Least Developed Countries (LDCs), focused on Transformational Energy Access the UN Conference on Trade and Development (UNCTAD) said that only four of them were on course to achieve internationally agreed targets on energy distribution by 2030.