Prime Minister Narendra Modi, who has set a very ambitious target for India to reduce its carbon intensity, is committed to moving the country to a lower carbon renewable energy future, World Bank President Jim Yong Kim has said.
Resolution For Future Roadmap To Reform Power Sector And Ensure 24×7 Power For All Adopted By Wide Consensus Among States
The Conference of Power and New & Renewable Energy Ministers of States and UTs concluded here late yesterday evening.
Renewable energy consultancy firm Bridge to India today said it has lowered projections for rooftop solar capacity addition to 10.8 GW, as against 13.2 GW, by 2021.
Trading of renewable energy certificates (REC) at the Indian Energy Exchange (IEX) touched an all-time high in the November session, with 18.9 lakh RECs being traded under the non-solar category.
Implemented properly, India’s renewable energy push could do more than just slow down global warming. It could help pull millions out of poverty, especially in rural communities.
India has big plans when it comes to renewable energy. The government has set itself ambitious targets, including commissioning 175 gigawatts of renewable energy by the year 2022.
A few hiccups notwithstanding, India’s renewable energy sector seems poised for massive growth in the next four years. India is confident it will exceed its renewable energy target of 175 GW by 2022 as it plans to award 100 GW of solar and wind contracts by 2020 and surpass 200 GW by 2022 according to the power ministry.
The Punjab state power Corporation Limited(PSPCL) has added increased its share of renewable energy has risen to 20% of the total energy produced via Thermal and Hydel sources in the state by signing an agreement with Solar Energy Corporation of India (SECI) to buy additional 150 MW of power
India’s thermal coal demand is poised to fall, belying hopes of exporters from Australia and US who eyed the country as a long-term growth market.
Pioneer in the field of renewable energy solutions, Ultimate Sun Systems has leveraged its cutting-edge technologies to provide environment-friendly, energy-efficient, and cost-effective solutions in Haryana, which has resulted in impressive traction in the state.