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Renewable energy: Here is how to use subsidies for sustained growth

According to reports, at present, installed electricity generation capacity in India is about 330GW. About 17.5 % (57.5GW) is through renewable generation (wind: 32.3GW, small hydro:4.3GW, solar:12.5GW and balance biomass generation: 8.1GW). Renewable energy capacity is likely to reach 30% by FY19. The country has set an ambitious target of adding 175GW of renewable generation capacity comprising 100GW solar, 60GW wind and 15GW bio mass, small hydro and others by 2022. The solar capacity target includes setting up of 34 solar ... Read More »

India will manage to integrate 175 GW renewable energy into power grid by 2022: report

According to reports, the unpredictability that a massive rush of renewable energy could bring to a nation’s power grid is a technological nightmare. But a new report released on Thursday says it is possible to balance the country’s grid even when 175 gigawatt (GW) of clean energy will be part of the energy mix by 2022 under the world’s largest clean energy expansion programme. Union minister for power, coal, new and renewable energy Piyush Goyal released the report, ‘Pathways to ... Read More »

Coal India betting big on renewables, says minister

According to reports, Coal India Ltd, the world’s largest miner of the dirty fuel, will generate 1 gigawatt (GW) of renewable electricity this year as part of its plan to produce as much as 10 GW clean power in total, a federal minister said on Thursday. State companies such as Coal India and NTPC Ltd, the country’s biggest thermal power producer, are planning to aggressively spend on solar projects under Prime Minister Narendra Modi’s personal push for renewable energy. “This ... Read More »

Govt to map all renewable energy sources in the country

According to reports, the government is preparing a list of all renewable power generation points in the country to aid integration of clean energy with existing sources. The directives for setting up the registry have already been given, according to the Minister of State (Independent Charge) for Coal, Power, New and Renewable Energy and Mines, Piyush Goyal. Speaking at the release of a report titled, ‘Pathways to Integrate 175 Gigawatts of Renewable Energy into India’s Electric Grid- National Study’, Goyal ... Read More »

The uneasy rise of renewables

According to reports, the sustained increase in renewable capacity additions may be unsettling conventional energy businesses. But the ambitious capacity addition targets may bring along execution challenges, cautions Moody’s Investors Service. Based on the current capacity addition targets, the ratings agency forecasts India will meet 19% of its power demand from renewable energy sources in five years, by fiscal year 2022 (FY22). Fuel-wise, the share of solar in total installed generation capacity is projected to rise from 4% now to ... Read More »

Indian renewable energy market to witness strong growth: Moody’s

According to reports, as India is moving towards meeting its commitments under the Paris agreement on climate change, its renewable energy market is likely to witness a strong growth over many years, says Moody’s Investors Service. “However, renewable energy projects face challenges related to the weak credit quality of offtakers, an evolving regulatory framework, as well as financing and execution risks,” Moody’s vice-president and senior analyst Abhishek Tyagi said in a statement issued here. According to the rating agency, India’s ... Read More »

Apple Plans to Move to 100 Percent Renewable Energy in India

According to reports, Apple plans to run all its business in India on 100 percent renewable energy in the next six months, Gadgets 360 has learned. According to sources, this was one of the things that the company told Prime Minister Narendra Modi, who is presently on a tour of the United States. On Sunday, PM Modi met with the heads of 20 of the leading US technology firms, including Tim Cook of Apple, Sunder Pichai of Google, and Jeff Bezos ... Read More »

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