Aggressive renewable energy target in India and “explosive” growth in the offshore sector are expected to drive a 10-year CAGR of 12.2 per cent in the wind energy sector in Asia Pacific, excluding China, said a report by research group Wood Mackenzie.
A total of 160 private companies and NGOs on Monday made an appeal to all political parties to include decentralised renewable energy solutions in their manifestos for the general elections.
India, the world’s third-largest energy consumer is undergoing a clean energy transition. This transition must not only advance climate commitments but also development needs and economic priorities.
In a setback for Gujarat’s renewable energy drive, its latest solar auction of 1000 MW got no bids at all because developers felt the ceiling tariff it had set was too low.
Even as the Uttar Pradesh government is eyeing to build renewable energy capacity of 10,700 mw in near future, Prime Minister Narendra Modi would lay the foundation of alternative energy projects in the state totalling Rs 9,300 crore on Friday.
The drop in renewable energy tariffs in India is one of the true success stories of the last few years. From around ₹10-12/kWh in 2010, solar tariffs have come down to ₹2.5-3/kWh. Wind tariffs have fallen from ₹4.5-5/kWh to a similar range as solar.
The government has released Rs 3,584.08 crore as Central Financial Assistance (CFA) for implementing renewable energy schemes by the Ministry of New and Renewable Energy (MNRE) in financial year 2018-19 so far,
Renewable energy developers have been opposing ceiling tariffs at auctions for projects ever since they began, but government agencies conducting the auctions, keen to keep tariffs low, have been adamant about imposing them.
The Rajkot Municipal Corporation (RMC) jointly organized a workshop with International Solar Alliance on ‘Cooling Smart cities: The arrival of district energy in India” on Thursday. UN Environment India head Atul Bagai
The initial public offer (IPO) of state-run Indian Renewable Energy Development Agency (IREDA) will be launched before September 2019, a top official said on February 7.