International oil majors like Exxon Mobil, Royal Dutch Shell And Total SA are enthusiastically investing in energy technology start-ups, fearing being caught off guard by disruptive changes.
In 2050, solar power will end the divide between energy-rich and energy-poor countries. What will the energy industry look like in 2050? It seems far away, in fact it’s 33 years away. But 2017 was an equally distant future 33 years ago.
A June order by the power ministry on inter-state electricity transmission charges could affect Delhi Metro Rail Corporation Ltd’s (DMRC) plan to buy power from one of the world’s largest solar power project at a single site in Madhya Pradesh, forcing both DMRC and the state government to seek relief from the ministry of new and renewable energy.
India’s renewable energy programme is proceeding at such a rapid pace that its contribution to total power generation will equal that of coal in 2026 and surpass it the following year, according to projections made in the second volume of the Economic Survey released on Friday.
The first six months of the current year saw more capacity addition in the solar sector than the whole year of 2016.
India has added 13,652 MW of solar generation capacity as at the end of July, with seven states including Andhra Pradesh, Gujarat and Karnataka crossing 1,000 MW mark, Union power minister Piyush Goyal told parliament on Thursday.
Solar power developers who won the mega auction of 1,200 MW of projects in Jharkhand 16 months ago have agreed to reduce tariffs, which will help them sign power purchase agreements.
Microsoft has evinced interest in providing solar powered portable cylinder-head-service gadgets that offer light, mobile charging and internet, with special focus on use in remote areas of Punjab.
Villages in India will benefit from Swansea University expertise in creating buildings that work as power stations, generating, storing and releasing their own power, thanks to £7 million of UK government funding.
NTPC chairman Gurdeep Singh said Rs 3-3.20 a unit tariff for solar power may be the new normal and can be achieved without the support of “cheap funds or cheap panels“, which have been a concern for the industry.
NTPC is increasing its bets on solar power as tariffs keep falling on the back of decline in prices of cells and modules in the global market. The shift in business strategy of India’s largest coal-fired generator cannot be ignored.