India added 7 GW of renewable energy capacity in eight months
The capacity addition during FY 2020-21’s first eight months ending November is 38% lower year-on-year as the pandemic-led disruptions constrained new project development.
Madhya Pradesh to host ‘world’s biggest floating PV plant’ within two years
The 2,000ha installation, which will surpass in scale a 150 MW plant in China’s Anhui province, will reportedly require a INR3,000 crore investment.
Competition in intra-state transmission sector will drive India’s renewable energy progress
The intra-state transmission infrastructure is the weakest link in the grid. The introduction of competition from private players can help drive down construction costs and promote timely completion of projects, assisting the absorption of low-cost, domestic renewable energy generation.
India’s path away from climate disaster lies in the rapid growth of renewable power
The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.
IEX launches new contracts to enable renewable energy trade on the same day and up to 11 days ahead
The two newly introduced green contracts, daily and weekly, are in addition to already operational intra-day and day-ahead contingency contracts in the green market.
SECI tweaks 100 MW solar-plus-storage Chhattisgarh tender
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
India ranked the world’s most attractive solar PV market by Ernst & Young
The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.
WoodMac says renewable electricity generation in India could be 56% cheaper than coal-fired by 2030
The analyst said currently, India and Australia are the only Asia Pacific countries where renewable power already costs lower than new-build coal. It predicted the trend would spread to the entire region by the end of the decade, while India and Australia would see renewables becoming further cheaper than coal.
Prime Minister Narendra Modi to inaugurate RE-Invest 2020 tomorrow
The three-day event will connect the global investment community with Indian renewable energy stakeholders. It is expected to be attended by over 75 international ministerial delegations, over 1000 global industry leaders, and 50,000 delegates.
State-owned investors dump coal for solar and wind
Coal project finance in the year 2019 stood at just INR 1100 crore (US$190 million), compared to renewable energy lending aggregating to INR 22,971 crore (US$3220 million).
