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    India has 10-year window to shift completely to renewable energy: TERI

    According to reports,  excess power generation capacity provides India an opportunity to shift completely to green energy. If the country can halve storage technology prices in 10 years it can do without the need for new coal based plants, a study by The Energy and Resource Institute (TERI) said. The TERI report indicated that current installed capacity and the capacity under construction would be able to meet demand till about 2026, keeping India power sufficient. The report estimates that no new ... Read More »

    Rajasthan lags behind neighbouring states in solar power projects

    According to reports, Rajasthan has lagged behind neighbours like Madhya Pradesh, Haryana and Gujarat in new and renewable energy despite holding a huge potential in the sector. According to Union ministry of new and renewable energy (MNRE) data, Rajasthan has only 31 MW approved/sanctioned projects under Grid connected roof-top and small solar power plants programme. However, Madhya Pradesh has 115 MW projects followed by Gujarat (81.75 MW) and Haryana (75 MW). Among all states with sanctioned/approved projects, Tamil Nadu leads by ... Read More »

    India, Norway experts discuss next steps in renewable energy cooperation

    According to reports, experts from India and Norway recently took part in a workshop organised jointly by Innovation Norway, The Norwegian Embassy, The Research Council of Norway, Institute of Technology Delhi and the Department of Science of Technology which focussed on cooperation between India and Norway in the energy sector. The participants were representatives from leading companies and educational and research institutions. Primarily the workshop functioned as a match-making and networking conference. The various parties have had a unique opportunity ... Read More »

    For Rewa project, we’re not interested in profits: Manu Shrivastava

    According to reports, enthused by record low solar tariff of Rs2.97 per kilo-watt hour conducted for Rewa Ultra Mega Power Ltd, a joint venture of Solar Energy Corp. of India Ltd (SECI) and Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL), the state government plans to set up large solar power projects to help meet India’s clean energy requirements. In an interview, Manu Shrivastava, managing director, MPUVNL, talks about the possibility of tariffs falling further and firms such as PTC India ... Read More »

    Dark side of the shift to renewables

    According to reports, harnessing renewable energy and protecting the environment are welcome intentions. But, how far can we push the agenda, and how fast? The stress is showing in terms of low capacity utilisation in thermal power, made worse by the demand slump. Prime Minister Narendra Modi had fixed a lofty goal of reaching 175GW renewable energy (RE) capacity by 2022. This includes a five-fold rise in the National Solar Mission target to 100GW capacity in 2022. This is a ... Read More »

    Suzlon Energy set to sell stake in 130 mw projects

    According to reports, Suzlon Energy has divested 49% stake in solar power projects totalling 210 mw and is in advanced talks to sell stake in another 130 mw projects in a deal that the company aims to close before March, said Kirti Vagadia, group chief financial officer. The company had divested 49% in six projects totalling 210 mw to raise Rs 176 crore. Further stake sale could potentially fetch the company another Rs 110 crore. Wind turbine maker Suzlon announced its ... Read More »

    Solar power prices hit historic low, cheaper than fossil fuel for the first time

    According to reports, the price of electricity production using solar energy is increasingly outpacing other alternate sources. According to a report in the World Economic Forum, Solar and wind energy are finally at par or cheaper than fossil fuel capacity in more than 30 countries. Recently, following a bidding process, Mahindra Renewables, Solenergi Power and Acme Solar Holdings were awarded the contract to build and operate a 750MW Rewa ultra mega solar park in Madhya Pradesh. This solar park will ... Read More »

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