India saved $4.2 billion in fuel costs through solar power: Report
2 years, 1 month ago

India saved $4.2 billion in fuel costs through solar power: Report

Live Mint  

An amount of USD 4.2 billion has been saved by India in fuel costs through solar power generation in the first half of 2022, and 19.4 million tonnes of coal which would have further stressed an already strained domestic supply, news agency PTI quoted a report released on Thursday. Seven key Asian countries, including China, India, Japan, South Korea, Vietnam, the Philippines, and Thailand, avoided potential fossil fuel costs of approximately USD 34 billion from January to June 2022, which is equivalent to 9% of total fossil fuel costs during this period, as per the latest report quoted by PTI. Vietnam's solar power avoided USD 1.7 billion in additional fossil fuel costs, a sizable growth from nearly zero terawatt hours of solar generation in 2018, according to the report, PTI quoted. In South Korea, solar power generated 5% of the country's electricity in the first half of the year, avoiding potential fossil fuel use costing USD 1.5 billion.

India Vietnam China Japan Costs South Korea Fuel Fuel Costs Solar Power Philippines Report Thailand Billion Pti Fossil Usd Avoided  fuel  report  billion  usd  saved  million  fossil  india  costs  avoided  solar  power  42

History of this topic

Data dive: Dark clouds hover over India’s solar story
1 week ago

Data dive: Dark clouds hover over India’s solar story

Live Mint  

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

India's Solar Imports to Soar to $30B by 2030
2 months ago

India's Solar Imports to Soar to $30B by 2030

Deccan Chronicle  

India's solar imports could surge to $30B by 2030 due to the country's reliance on imports. The country installed 15 GW of solar capacity in FY 2024, raising the total capacity to 90.8 GW by September 2024. However, to meet its 2030 goal of 500 GW in renewable energy, India needs to add 65-70 GW each year. India needs to …

Non-fossil fuel power generation to near 70% by 2030
5 months, 1 week ago

Non-fossil fuel power generation to near 70% by 2030

China Daily  

A wind farm generates power for grids in Zhoushan, Zhejiang province. The growth rate of electricity consumption this year in China will be close to that of 2023, a 6.7 percent year-on-year, while new installations of renewable energy in 2024 will also continue to rapidly grow, according to the annual development report of China's electric power industry 2024 released by …

India's solar output grows at slowest pace in six years in first half of 2024
5 months, 2 weeks ago

India's solar output grows at slowest pace in six years in first half of 2024

Hindustan Times  

By Sudarshan Varadhan and Cassandra Yap India's solar output grows at slowest pace in six years in first half of 2024 SINGORE, - India's solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal …

Rising domestic solar cell production will curb imports from China
5 months, 4 weeks ago

Rising domestic solar cell production will curb imports from China

Hindustan Times  

India expects a surge in domestic solar cell-making capacity in the coming months, which will help reduce its dependence on imported materials from China to manufacture solar panels, the country’s top renewable energy official said. A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat The nation’s cells …

Case made to welcome Chinese solar products
6 months, 2 weeks ago

Case made to welcome Chinese solar products

China Daily  

By HENG WEILI in New York | chinadaily.com.cn | Updated: 2024-06-07 11:11 Employees check solar panel products at a tech company in Zhangye, Gansu province. Biden contended last month that the low cost of China's solar panels are a result of "policy-driven overcapacity" in manufacturing, "flooding global markets with artificially cheap solar modules and panels". Fickling said that Chinese clean …

China's renewables tech cuts costs
7 months, 4 weeks ago

China's renewables tech cuts costs

China Daily  

Employees work at a photovoltaic panel production facility in Hefei, Anhui province, in February. China's large-scale production of solar panels and electric vehicles has not only lowered costs but has also made green technology more accessible globally, industry insiders said. The IEA believes China was the major driving force behind the world's rapid expansion of renewable power generation capacity last …

Solar power potential in India has decreased over last three decades: Study
7 months, 4 weeks ago

Solar power potential in India has decreased over last three decades: Study

Hindustan Times  

A recent study has highlighted that with a decreased trend in solar radiations over most of the country, the solar power potential in India has decreased over the last three decades. The technical potential of solar power has a significant decreasing trend in most of the selected stations, which is alarming. As solar radiation intensity has been decreasing and there …

The ‘import restrictions’ on solar PV cells | Explained
8 months, 2 weeks ago

The ‘import restrictions’ on solar PV cells | Explained

The Hindu  

The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. India’s domestic renewables sector, at the time, was unlikely to meet the spike in demand for solar power production equipment at rates offered by Chinese manufacturers. According to …

Will new solar power rules boost production? | Explained
8 months, 2 weeks ago

Will new solar power rules boost production? | Explained

The Hindu  

The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy has brought into effect from April 1 an executive order, The Approved Models and Manufacturers of Solar Photovoltaic Modules Order, 2019. This became necessary because India’s solar industry, its claim of indigenousness notwithstanding, is heavily reliant on imports of cheaper and comparable-quality …

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 …

Solar sector readying for new challenges
11 months, 3 weeks ago

Solar sector readying for new challenges

China Daily  

A view of a solar power facility in Tongchuan, Shaanxi province, in August. Chinese PV firms lead the world, but overcapacity, price weakness loom China's solar industry climbed to new heights in 2023, with manufacturing, installed capacity and exports experiencing robust growth and reshaping the global landscape with continuous technological breakthroughs. According to the China Photovoltaic Industry Association, China saw …

Solar sector readying for new challenges
11 months, 3 weeks ago

Solar sector readying for new challenges

China Daily  

A view of a solar power facility in Tongchuan, Shaanxi province, in August. Chinese PV firms lead the world, but overcapacity, price weakness loom China's solar industry climbed to new heights in 2023, with manufacturing, installed capacity and exports experiencing robust growth and reshaping the global landscape with continuous technological breakthroughs. According to the China Photovoltaic Industry Association, China saw …

India-led alliance set to fund solar projects in Africa in a boost to the energy transition
1 year, 1 month ago

India-led alliance set to fund solar projects in Africa in a boost to the energy transition

Associated Press  

BENGALURU, India — An alliance of nations that push for more solar power worldwide are set to announce nearly $35 million for projects such as mini grids and rooftop installations, mainly in Africa, according to the group’s director general. At the sidelines of the group’s annual meeting in New Delhi on Tuesday, Ajay Mathur said the International Solar Alliance expect …

India will see solar revolution by 2030, says IEA
1 year, 1 month ago

India will see solar revolution by 2030, says IEA

Firstpost  

India has set a target of achieving 500 GW of installed capacity from non-fossil fuels, including around 270 GW of solar capacity, by 2030 According to the International Energy Agency, solar energy will generate 18% of India’s electricity by 2030, up from its current 6% share. According to the IEA’s latest World Energy Outlook 2023, which was released on Tuesday, …

Renewables helped power sector save $520 bn globally in 2022: Report
1 year, 3 months ago

Renewables helped power sector save $520 bn globally in 2022: Report

Live Mint  

New Delhi: Power sectors worldwide saved an astounding $520 billion in fuel costs last year, thanks to the rapid expansion of renewable energy sources, according to a report released today by the International Renewable Energy Agency. The report, titled "Renewable Power Generation Costs in 2022," underscores how the escalating crisis in fossil fuel prices has significantly bolstered the competitiveness of …

Solar investment outshines oil as race for clean energy heats up
1 year, 6 months ago

Solar investment outshines oil as race for clean energy heats up

Al Jazeera  

High oil and gas prices and worries about supplies have seen spending on renewables leap ahead of fossil fuels. Investment in solar power is expected to overtake oil for the first time this year as clean energy spending outpaces that for fossil fuels. “Clean energy is moving fast – faster than many people realise,” IEA Executive Director Fatih Birol said …

China's renewable energy capacity expands in Jan-April
1 year, 7 months ago

China's renewable energy capacity expands in Jan-April

China Daily  

A view of the wind turbines installed on Nanpeng Island, Guangdong province. BEIJING - China's installed clean energy capacity saw an expansion in the first four months of the year, data from the National Energy Administration showed Friday. By the end of April, the installed capacity of wind power rose 12.2 percent year-on-year to approximately 380 million kilowatts, while that …

India plans to export solar power: official
1 year, 10 months ago

India plans to export solar power: official

The Hindu  

By 2026, Indian industry will be able to manufacture solar modules worth 100 gigawatts annually, and help the country be a net exporter of solar power. The future phase of India’s renewable energy development will be led by hybrid projects and renewable energy parks that will host solar and wind projects along with battery storage systems. The travails of the …

Solar energy is not the best option for India
1 year, 10 months ago

Solar energy is not the best option for India

The Hindu  

The Hindu’s editorial, Energy conundrum, expressing caution about the country’s bubbling enthusiasm in the climate change agenda by going the whole hog on solar energy is timely but spartan, and needs amplification. Apart from the external pressure that is pushing India more and more into the so-called carbon limiting renewable energy path, the Prime Minister’s own enthusiasm and support and …

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 …

Transition from fossil fuels to renewable energy can pose fiscal challenges for India: study
2 years, 5 months ago

Transition from fossil fuels to renewable energy can pose fiscal challenges for India: study

The Hindu  

The global transition away from fossil fuels to renewable energy sources could trigger financial challenges for India and major developing countries such as Russia, Brazil and China because of their high dependence on revenues from fossil fuel, according to a study by the International Institute of Sustainable Development. The study finds that by 2050, overall fossil fuel revenues in Brazil, …

The goal of an energy-secure South Asia
2 years, 7 months ago

The goal of an energy-secure South Asia

The Hindu  

South Asia has almost a fourth of the global population living on 5% of the world’s landmass. While India relies heavily on coal, accounting for nearly 55% of its electricity production, 99.9% of Nepal’s energy comes from hydropower, 75% of Bangladesh’s power production relies on natural gas, and Sri Lanka leans on oil, spending as much as 6% of its …

Hits and misses: India’s solar power energy targets
2 years, 8 months ago

Hits and misses: India’s solar power energy targets

The Hindu  

The story so far: A report, jointly prepared by two energy-research firms — JMK Research and Analytics and the Institute for Energy Economics and Financial Analysis — says India will likely miss its 2022 target of installing 100 gigawatts of solar power capacity. As of December 2021, the cumulative solar installed capacity of India is 55GW, which is roughly half …

India likely to miss year’s solar capacity target
2 years, 8 months ago

India likely to miss year’s solar capacity target

The Hindu  

India is likely to miss its 2022 target of installing 100 gigawatts of solar power capacity, largely due to inadequate uptake of rooftop solar, according to a report by JMK Research and the Institute for Energy Economics and Financial Analysis. As of December 2021, India’s cumulative installed solar capacity was 55GW, with grid-connected utility-scale projects contributing 77% and the rest …

‘Gargantuan task': Why India’s renewable push will be hard
2 years, 8 months ago

‘Gargantuan task': Why India’s renewable push will be hard

Associated Press  

NAGAON, India — Plans to build a sprawling solar park on land cultivated for generations by indigenous farmers in India’s Himalayan foothills erupted in violent clashes with police last year after their crops were bulldozed for the development. These short-term energy targets won’t do much to limit global warming to 1.5 Celsius — the level beyond which scientists warn of …

India’s solar capacity: Milestones and challenges
2 years, 9 months ago

India’s solar capacity: Milestones and challenges

The Hindu  

The story so far: India added a record 10 Gigawatt of solar energy to its cumulative installed capacity in 2021. This is a milestone in India’s journey towards generating 500 GW from renewable energy by 2030, of which 300 GW is expected to come from solar power. India’s capacity additions rank the country fifth in solar power deployment, contributing nearly …

Despite solar push, India lack solar waste policy
2 years, 10 months ago

Despite solar push, India lack solar waste policy

The Hindu  

While India ramps up its solar power installation, it does not yet have a firm policy on managing waste that results from used solar panels or from the manufacturing process. Solar panels have an estimated life of 25 years, and given that India’s solar manufacturing industry took off around 2010 most of the installed systems were new and early in …

Can renewables meet the growing demand of more than 1 billion people in India?
3 years, 1 month ago

Can renewables meet the growing demand of more than 1 billion people in India?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “When we are all increasing our ambition on climate …

Despite Ample Sunshine, Why Isn't India Advancing in Rooftop Solar Power?
3 years, 3 months ago

Despite Ample Sunshine, Why Isn't India Advancing in Rooftop Solar Power?

The Quint  

With climate change events and pollution creating havoc year after year, it is in our vested interest to push renewables, non-polluting energy sources like solar and wind to be able to reduce our dependency on thermal power. India’s national solar mission was launched in 2010, when just 10 megawatts of solar power existed. By now the overall total solar achievement …

The dark side of India’s solar gamble
3 years, 8 months ago

The dark side of India’s solar gamble

Live Mint  

SINGAPORE/CHENNAI : In December, news reports indicated that the ministry of new and renewable energy had proposed a 20% basic customs duty on solar module and cell imports. According to a 2017 World Intellectual Property Organisation working paper, China’s share of global manufacturing capacity in the different segments of solar energy generation was 81% in ingots, 84% in wafers, 66% …

India’s solar power tariffs hit a new record low of ₹2 per unit
4 years, 1 month ago

India’s solar power tariffs hit a new record low of ₹2 per unit

Live Mint  

New Delhi: India’s solar power tariffs hit a new record low of Rs2 per unit on Monday during a bid conducted by state run Solar Energy Corporation of India Ltd, said a government official aware of the development. Saudi Arabia’ Aljomaih Energy and Water Company and Singapore headquartered Sembcorp’s India arm’ Green Infra Wind Energy Ltd. placed the winning bids …

Coal continues to be a key in India’s growth says, Coal India Limited
4 years, 3 months ago

Coal continues to be a key in India’s growth says, Coal India Limited

Live Mint  

Coal continues to be a key in India's growth story as solar power is not as economical as coal-fired electricity till affordable storage of power comes in a major way, CIL has said. It can be seen from a typical load curve in India that peak demand is post-5 pm and coal-based power caters to that load, Coal India Limited …

India aims for half of state-run fuel stations to be solar-powered in five years
4 years, 3 months ago

India aims for half of state-run fuel stations to be solar-powered in five years

Live Mint  

India aims for 50% of fuel stations owned by public sector oil companies to be operated by solar power within five years under the government's green energy drive, its oil minister said on Tuesday. Dharmendra Pradhan said India's three state-backed fuel retailers Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum, which operate about 63,150 fuel station across India, are …

UN chief urges India to quickly move to clean solar power
4 years, 3 months ago

UN chief urges India to quickly move to clean solar power

Associated Press  

NEW DELHI — India should commit to carbon neutrality by ending fossil fuel subsidies and investing in clean solar power as it mobilizes trillion of dollars to recover from the coronavirus pandemic, the U.N. chief said Friday. Secretary-General António Guterres said India is at a crossroads and should speed up its shift from fossil fuels to renewable energy by committing …

Govt mulls 20% customs duty on solar power equipment to cut imports: Thakur
4 years, 5 months ago

Govt mulls 20% customs duty on solar power equipment to cut imports: Thakur

Live Mint  

The government is considering a proposal by the Ministry of New and Renewable Energy to impose 20% basic customs duty on solar modules to provide an edge to domestic manufacturers and discourage imports, particularly from China, Minister of State for Finance Anurag Thakur said on Thursday. India imported solar power equipment worth USD 1.2 billion during April-December 2019, he said. …

Discover Related