Energy Transition Committee (ETC), in a report last year suggested India not to make any new investment in the coal sector. ETC is now willing to work with policymakers and redesign policies, which traditionally have been ‘coal-centric’.
In line with efforts to economize on fossil fuels, plans have been formulated to add 1,000 megawatts, or 1 gigawatt of renewable capacity to the national power grid per annum, a senior official at the Energy Ministry said.
The Economic Survey 2018 voiced concerns on the aggressive bidding submitted by companies for bagging licences for spectrum, coal mining and solar and wind projects.
Budget 2018: India’s Renewable Progress Slips; GST-Induced Losses, Import Duty On Solar Modules Threaten 2022 Target
In line with its climate-change commitments and domestic pollution concerns, India has one of the world’s largest programmes to expand renewables — a tripling of capacity over the next five years.
A 130 MW solar power plant was commissioned by NLC India Ltd at 33/110 KV pooling substation in Neyveli near here on Monday as part of NLCIL’s commitment to green energy initiatives of the Centre.
NHPC’s three hydropower projects with total installed capacity of 3,130 MW are under various stages of construction, says Balraj Joshi, Chairman and Managing Director, NHPC.
Only six out of 29 states and seven union territories are complying with the central government’s Renewable Purchase Obligation (RPO) targets, a Greenpeace India report said on Wednesday.
The slowdown in tendering of the solar and wind projects in the past few months despite government’s target of achieving 175 GW renewable capacity by FY2022, is forcing Indian renewable energy players to look beyond the market to support their growth.
In a bid to exceed Prime Minister Narendra Modi’s climate pledges, India announced that it will tender enough renewable energy projects over the next three years to surpass 200 gigawatts of green capacity build by 2022.
India is on track to catalyse $200-300 billion of new investment in its renewable energy infrastructure in the next decade with global capital inflows playing an increasingly crucial role, a top financial analyst with a leading US-based institute foresees said.