The Andhra Pradesh (AP) government’s latest move to review and bring down the purchase cost of wind and solar energy could aggravate the problem of delayed payments from distribution companies (discoms) and bring under stress about 5.2 gigawatt (GW) of renewable projects with debt of over Rs 21,000 crore.
India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity and pension fund investments.
The power ministry Thursday said it has approved proposal for early regulatory nod by CERC for transmission schemes for 66.5 GW renewable energy generation in order to fast-track green projects in the country.
India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins.
India’s renewable energy capacity has crossed the 80GW-mark, which includes 29.55 GW of solar energy and 36.37 GW wind power, Parliament was informed Tuesday. The government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy.
Notwithstanding the Centre’s plea, the state government has decided to go ahead with the review of all power purchase agreements (PPAs) signed during the TDP regime.
India’s renewable energy workforce has grown five-fold in the past five years, according to a new report on Monday. In 2019, nearly 100,000 workers are employed in the solar and wind industry, up from 19,800 in 2014.
India invested $5.9 billion in setting up renewable energy projects in the first half of the current calendar year, a 10 per cent jump compared to the investments in the same period of 2018, as the Modi government continued its drive toward its ambitious target for 175 Gigawatt of renewable energy by 2022
NTPC, India’s largest energy conglomerate with an installed generation capacity of 55,126 mw, has received licence from the Central Electricity Regulatory Commission for inter-state trading in electricity in the whole of India.
One of humankind’s most enduring weaknesses is to assume that the way things are presently will somehow persist into the future, and that current trends are inexorable. This thinking is behind the often repeated view that renewable energy sources such as wind and solar cannot replace thermal electricity