If solar energy is a big leap for renewable power, Tiger Power has taken the plunge and is ready to raise the energy bar with innovative solar power generation and storage solutions, that can be set up in remote locations and reduce carbon emissions.
For major trading houses that ship millions of barrels of oil every day, the prospect of diminishing fuel demand and a shift to renewable power poses a brain-racking challenge with few obvious solutions.
Hyderabad-based renewable power company Mytrah Energy (India) Limited has set an internal target of a four per cent reduction in power costs year-on-year (YoY) at least for the next five years, during which time it aims to take its installed capacity to 5,000 Mw from the current level of around 1,500 Mw.
Renewable hybrid projects are key to ensuring uninterrupted power supply and there is a need to explore full potential on this front, said US-India Strategic Partnership Forum (USISPF) Secretary Nolty Theriot.
Tamil Nadu Generation & Distribution Co’s (Tangendco) wind energy auction generated a record low tariff of Rs 3.42 per unit, which the central government said is a positive development that will encourage distribution companies to buy more renewable power.
India may be aiming to turn to renewable power in a big way the government has an ambitious plan to install 175GW of renewables by 2022 but a new report from NITI Aayog and Institute of Energy Economics