The Central Electricity Authority (CEA), the apex technical body for the power sector, has set up a new division which will oversee day-to-day developments, capacity addition and grid integration of renewable power.
American energy giant General Electric is increasing its footprint in India’s power sector by integrating its renewable and grid offerings. The company that got a hold in the country’s power sector, after it acquired Alstom’s energy business in a global takeover in 2015
The recently granted renewable power status and budgetary support for infrastructure associated with large hydro projects is a major positive move, research agency ICRA said.
Most of India’s new power generation capacity in future will be from renewable energy sources, as investments in thermal power capacity remain sluggish and availability of coal continues to be a challenge, India Ratings said in a report.
The Government on Tuesday said it is planning to bring in more renewable power in the Indian energy mix and trying to create a balance in energy production through efficient but cleaner conventional power sources such as hydro
Clean energy generation firm Leap Green Energy Thursday said it looks to increase its power capacity to 2 GW from existing operational 751 MW and also plans fund infusion of USD 300 million.
The biomass power generation capacity in India is rapidly growing since last few years as Indian government focuses on increasing power generation through renewable energy sources. As on Dec 31, 2017, the grid connected biomass power generation capacity in India stood at 8.4 GW, up from 4.95 GW as on March 31, 2016.
Business Standard reported that India’s ambitious strides in decarbonization and the transition to renewable power have seen her emerging as a country with the most number of coal-based generation projects cancelled between 2010 and 2017.
India’s neighbour Bangladesh is exploring the possibility of expanding electricity trade between the two countries using capacity generated from renewable sources.
Giving a further boost to the uptake of renewable energy, the government has raised the minimum quantity of green power that states must procure to 21% of their overall power purchases in FY22 from 14.3% in FY18 (see chart).