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).
India hopes to touch renewable power capacity of 225 gigawatts (GW) by March 2022, the country’s power minister said on Tuesday, likely breaching the 175 GW target set in 2015.
India’s largest renewable power company, ReNew Power, aims to deploy the funds through a planned initial public offering (IPO) of its equity on acquisition and to diversify into allied sectors.
EDP-Energias de Portugal is optimistic about renewable power investments in the United States, despite President Donald Trump’s push to support coal and nuclear power plants and a tariff his administration slapped on imported solar panels, its chief executive said in an interview.
A new research by US-based Institute for Energy Economics and Financial Analysis (IEEFA) shows Tamil Nadu in ninth place in the world in terms of its share in wind and solar generation.
The renegotiation of tariffs under renewable power purchase agreements (PPAs) by quoting high tariffs is not an apparent option available with state discoms.