India to miss renewable energy goal, officials, experts say
2 years, 4 months ago

India to miss renewable energy goal, officials, experts say

Associated Press  

BENGALURU, India — India will miss its renewable energy target for the end of the year, with experts saying “multiple challenges” including a lack of financial help and taxes on imported components are stalling the clean energy industry. The target, set in January 2018, would have increased India’s renewable energy capacity to 43% of its current energy mix. The shortfall is down to “inconsistent federal and state-level renewable energy policies, excessive custom duties on renewable energy related products as well as financing issues,” said Vibhuti Garg, an energy economist based in New Delhi, who added that the solar industry is particularly vulnerable to such roadblocks. While the target won’t be achieved, “it has played an important role in directing India’s electricity and power generation systems towards renewable energy,” said Ashish Fernandes of Climate Risk Horizons, an organization which looks at the risks climate change poses to India’s economy.

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History of this topic

India’s renewable energy target may prove elusive without course correction
3 months, 1 week ago

India’s renewable energy target may prove elusive without course correction

Live Mint  

India’s energy transition will be centred around the use of solar photovoltaic technology for at least the next 25 years. Though this information is not yet available in the public domain, it is estimated that Solar Energy Corporation Of India and other RE implementing agencies have about 18GW of ‘unsold inventory.’ Discoms in India face three major difficulties: huge uncertainty …

Budget 2024-25: India's energy transition plan
4 months, 1 week ago

Budget 2024-25: India's energy transition plan

Hindustan Times  

India, targeting a $7 trillion economy and decarbonisation target by achieving 500 GW of fossil-fuel free generating capacity by 2030, needs a well-rounded strategy that harmonises economic development with environmental sustainability. To reach India’s goal of achieving 50 percent of its total installed power generation capacity come from non-fossil fuel sources by 2030, India must install approximately 50 gigawatts of …

What Will India's Energy Sector Get From Budget 2024? Check Top Expectations
5 months, 1 week ago

What Will India's Energy Sector Get From Budget 2024? Check Top Expectations

News 18  

Union Budget 2024: The energy sector in India has a range of expectations from the Budget 2024. Reducing the GST to 5% would make Auto LPG more competitively priced, fostering greater adoption and supporting the auto industry’s shift towards greener technologies,” Gupta highlighted. “We urge the Finance Ministry to consider our appeal for a GST reduction on the fuel, kits …

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
10 months, 2 weeks ago

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

Associated Press  

BENGALURU, India — For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country’s climate goal of transitioning to clean energy. It takes up to two years for solar projects to come online after …

DC Edit | India can still be part of climate deal
1 year ago

DC Edit | India can still be part of climate deal

Deccan Chronicle  

It is surprising that India was not among the 118 nations that signed the Global Renewables and Energy Efficiency Pledge at the climate summit in Dubai to triple the installed renewable energy capacity by the turn of the decade. As Prime Minister Narendra Modi pointed out in his address to the summit during his flying visit, India may be the …

India misses RE capacity target due to low solar rooftop, wind energy project installations: Parliamentary panel
1 year, 9 months ago

India misses RE capacity target due to low solar rooftop, wind energy project installations: Parliamentary panel

The Hindu  

A parliamentary panel has attributed low installation of solar roof-top and wind energy projects as key reasons for the shortfall in achieving India’s renewable energy capacity target of 175 GW by 2022. However, it should also be mentioned that whatever shortfall has occurred in achievement of the target that is because of low installation of solar roof-tops and wind energy …

India wants energy transition on its own terms — without phasing out coal and with more grants
1 year, 9 months ago

India wants energy transition on its own terms — without phasing out coal and with more grants

The Hindu  

India is unlikely to sign a deal with richer nations this year for a just energy transition, as international funding rests on India committing to a timeline to phase out coal, an "unviable" proposition for the country, energy analysts said. "The JETP as it currently stands may not be the best model or framework for India given that the country …

'India's potential in green energy no less than a goldmine, invest here': PM Modi at 1st post-budget webinar
1 year, 10 months ago

'India's potential in green energy no less than a goldmine, invest here': PM Modi at 1st post-budget webinar

Hindustan Times  

Prime Minister Narendra Modi on Thursday sought investments in green energy sector saying that the country's potential in renewable energy is no less than a "goldmine". Addressing a webinar on various announcements made in the Union Budget 2023-24 on green growth, Modi said, "India will play an important role in green energy, I invite all stakeholders to invest in India." …

Union Budget 2023-24 puts India on the path to food and energy security
1 year, 10 months ago

Union Budget 2023-24 puts India on the path to food and energy security

Firstpost  

By extending Centre’s 50-year low-cost capital support by another year, states can clean up their balance sheet for future financing As G20 President, India has set the tone by committing leadership to transition to the green economy. Green hydrogen will become a trillion Dollar Industry in India by 2030, therefore delivering energy security and making India the new prosperous Middle-East …

India’s growing energy demand offers investment opportunities: PM
1 year, 10 months ago

India’s growing energy demand offers investment opportunities: PM

The Hindu  

India’s energy demand has significantly increased and in the coming years, it will reach 11% of the global demand as compared to 5% currently, said Prime Minister Narendra Modi while inaugurating India Energy Week 2023 in Bengaluru on Monday. Also, the country has a chunky class of aspirational population and energy would play an important role in fulfilling the aspirations …

India’s growing energy demand offers investment opportunities: PM Modi
1 year, 10 months ago

India’s growing energy demand offers investment opportunities: PM Modi

The Hindu  

India’s energy demand has significantly increased and in the coming years, it will reach 11% of the global demand as compared to 5% currently, said Prime Minister Narendra Modi while inaugurating India Energy Week 2023 in Bengaluru on Monday. Also, the country has a chunky class of aspirational population and energy would play an important role in fulfilling the aspirations …

Budget 2023-24 puts India on the path to food and energy security
1 year, 10 months ago

Budget 2023-24 puts India on the path to food and energy security

Firstpost  

By extending Centre’s 50-year low-cost capital support by another year, states can clean up their balance sheet for future financing As G20 President, India has set the tone by committing leadership to transition to the green economy. Green hydrogen will become a trillion Dollar Industry in India by 2030, therefore delivering energy security and making India the new prosperous Middle-East …

Budget 2023 | Major thrust planned for green energy
1 year, 10 months ago

Budget 2023 | Major thrust planned for green energy

The Hindu  

Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’ or seven guiding lights Ms. Sitharaman mentioned in her address that would steer India through …

India’s energy future is looking green, report says
2 years, 2 months ago

India’s energy future is looking green, report says

Associated Press  

BENGALURU, India — India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030, enough to power up to 30 million more homes each year, a report said Thursday. The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in …

India meets two-thirds of renewable energy target, says report
2 years, 3 months ago

India meets two-thirds of renewable energy target, says report

The Hindu  

‘22% rise in solar installations in Jan-Aug 2022’ India has so far installed 66% of its targeted renewable energy installation of 175 GW with only Gujarat, Rajasthan, Karnataka and Telangana meeting State-wise targets, according to a report on Thursday by global energy thinktank Ember. While India may not reach 175 GW by the end of 2022, its 2030 targets of …

India enhanced climate ambitions in post COVID-19 scenario, say experts welcoming updated NDC under Paris Agreement
2 years, 4 months ago

India enhanced climate ambitions in post COVID-19 scenario, say experts welcoming updated NDC under Paris Agreement

Firstpost  

To further a healthy and sustainable lifestyle, ‘LIFE’- ‘Lifestyle for Environment’ as a key to combating climate change has been added to India’s Nationally Determined Contribution New Delhi: India has enhanced its climate ambitions in the post-pandemic scenario when the world is seeing less action on climate change and this needs to be appreciated, experts have said welcoming the country’s …

New Energy Bill Promotes Green Hydrogen, Incentivises Use of Clean Technology - News18
2 years, 5 months ago

New Energy Bill Promotes Green Hydrogen, Incentivises Use of Clean Technology - News18

News 18  

Parliament is the temple of democracy and parliamentary procedures the rites by which the will of the people is translated into practice. The ongoing Monsoon Session of Parliament will see the tabling of 24 bills including the Energy Conservation Bill, 2022, which stresses promoting clean energy and use of clean hydrogen. The ministry of power had last year proposed changes …

Universal access to energy is vital
2 years, 5 months ago

Universal access to energy is vital

Hindustan Times  

The centrepiece of Prime Minister Narendra Modi’s pitch to the world’s richest nations at the G-7 summit in Germany was equity in energy access. Mr Modi said that access to energy shouldn’t be the privilege of only the rich at a time when geopolitical tensions are propelling energy costs and pointed out that while providing energy access to its citizens, …

India needs $223 billion to meet 2030 renewable capacity goals: Report
2 years, 6 months ago

India needs $223 billion to meet 2030 renewable capacity goals: Report

The Hindu  

India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF. "To achieve this target, India needs to massively scale up funding for renewables," the report said, adding that $223 billion is required over the next eight years just to meet the solar …

A squeeze on climate goals
2 years, 6 months ago

A squeeze on climate goals

Hindustan Times  

At the United Nations climate summit in Glasgow in November 2021, member countries reaffirmed the Paris Agreement’s goal of limiting the increase in the global average temperature to well below 2°C above pre-industrial levels and pursuing efforts to limit it to 1.5 °C. This, says an International Energy Agency report, could impact the profitability of the renewable energy industry and …

Can renewable energy help close power gap in India’s hot summer?
2 years, 7 months ago

Can renewable energy help close power gap in India’s hot summer?

Al Jazeera  

New Delhi, India — As temperatures soar beyond 40 degrees Celsius in Hasanganj village in the northern Indian state of Uttar Pradesh, the nearly 14-hour power cuts in the area mean that the bananas that Ramesh, a fruit vendor who goes by one name, sells are rotting faster than normal with no fans to keep them cool. ‘Fundamental problems’ India …

‘Fossil fuels are a dead end’: UN chief emphasises renewable energy projects
2 years, 7 months ago

‘Fossil fuels are a dead end’: UN chief emphasises renewable energy projects

Hindustan Times  

NEW DELHI: Guterres’s statement came even as the World Meteorological Organisation – the UN agency which covers weather, climate and water resources – launched its State of the Climate report. United Nations general secretary Antonio Guterres, noting the global energy crises which prompted large economies to open new oil and gas fields, has proposed five critical actions to jump-start the …

Explained | How quickly can India move away from coal?
2 years, 8 months ago

Explained | How quickly can India move away from coal?

The Hindu  

The story so far: On Friday, Tamil Nadu Chief Minister M.K. Decline in coal stocks and the resulting power outages in several States have spurred queries of renewable energy’s potential to fill in for the conventional resource. The India Energy Outlook 2021 report of the International Energy Agency said energy use in India has doubled since 2000, with 80% of …

India's energy crisis: Coal shortage an opportunity to fully explore renewable, nuclear options
3 years, 2 months ago

India's energy crisis: Coal shortage an opportunity to fully explore renewable, nuclear options

Firstpost  

The current crisis should be seen as a window of opportunity to not go back to producing more coal but to begin the transition to explore green and renewable energy With a coal shortage at thermal power projects persisting and India continuing to grapple with an energy crisis, the need of the hour is for the Centre to shift focus …

India considers to go net-zero emissions by 2050. Can it achieve the target?
3 years, 9 months ago

India considers to go net-zero emissions by 2050. Can it achieve the target?

Live Mint  

Top Indian government officials are debating whether to set a target for net-zero greenhouse gas emissions by 2050. Committing to a legally binding net-zero target would help India attract some of the trillions of dollars in investment that’ll be required for a green transformation, lawmaker Jayant Sinha, a member of Prime Minister Narendra Modi’s Bharatiya Janata Party and an advocate …

Six charts show hard it is for India to hit net zero by 2050
3 years, 9 months ago

Six charts show hard it is for India to hit net zero by 2050

Live Mint  

Top Indian government officials are debating whether to set a target for net-zero greenhouse gas emissions by 2050. Committing to a legally binding net-zero target would help India attract some of the trillions of dollars in investment that’ll be required for a green transformation, lawmaker Jayant Sinha, a member of Prime Minister Narendra Modi’s Bharatiya Janata Party and an advocate …

India likely to miss 2022 renewable energy target by a long way
3 years, 9 months ago

India likely to miss 2022 renewable energy target by a long way

Live Mint  

In April 2015, the Narendra Modi government proposed a plan to boost India’s renewable power capacity to 175 gigawatts by 2022. Amid the capacity addition, India’s renewable energy portfolio has been evolving. According to Bridge To India, a Gurugram-based renewable energy consultancy, the total solar project pipeline as of 31 December 2020 was about 46 GW. And amid this churn, …

5 Years On, India on Track to Meet Paris Deal Targets, But Challenges Remain Due to Push for Coal
4 years ago

5 Years On, India on Track to Meet Paris Deal Targets, But Challenges Remain Due to Push for Coal

News 18  

New Delhi: India is the only G20 country on track to meet its voluntary commitments made under the 2015 Paris climate agreement and has behaved responsibly to mitigate climate change challenge, Union Environment Minister Prakash Javadekar said on the eve of Paris deal’s fifth anniversary on Friday. The minister cited the independent review of India’s plans and actions since 2012 …

India Could be Largest Contributor for the Renewable Energy Sector in 2021
4 years ago

India Could be Largest Contributor for the Renewable Energy Sector in 2021

News 18  

Renewable Energy has established itself as the technology of choice for new power generation capacity globally. India is now the 5th largest market for renewable energy in the world, 4th largest market for wind and 3rd largest market for solar in the world only behind China and US. Today, India is one of the countries with the largest contribution of …

Green energy developers steer clear of China funding links
4 years, 2 months ago

Green energy developers steer clear of China funding links

Live Mint  

Indian green energy promoters have told deal advisors to ensure there’s no China connection to inbound funds, according to several developers currently raising funds. Potential deals include Acme Solar looking to sell 4.84 GW of solar projects; Petroliam Nasional Bhd looking to acquire around 10% stake in Tata Power Renewable Energy Limited, in addition to investing in Tata Power renewable …

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