Auroville search engine will crowdfund solar power for 100 villages in Tamil Nadu
Sustainable development expert Auroville Consulting has launched the Solar Village Search Engine to help fund its Solar Village Initiative, which aims to power 100 villages in Tamil Nadu with solar by the year 2030.
Exide Industries JV partner gets debt restructuring lift
Swiss battery maker that intends to bring production lines to Gujarat has been helped along in a planned reduction of its debt pile by its domestic authorities. The way is now clear for a shareholder vote next Tuesday.
India could generate all of its power from renewables by 2050
A renewable energy system in 2050 is technically possible and economically viable for India, with the levelized cost of electricity falling from the current €58/MWh (Rs4,626) to €52 under one scenario in a recent report, and to €46 in another that included demand for power, water desalination and non-energy industrial gas sectors.
Exide Industries JV partner prepares for debt restructuring
Historic Swiss brand Leclanché is on an expansionist trail, notably in India and low-carbon shipping, but restructuring its debts will involve ceding even more control of the venerable company to institutional investors.
Enhancing energy trading in South Asia
The Indian Ministries of External Affairs and Power, in collaboration with the Confederation of Indian Industry (CII), organized the South Asia Power Summit 2018, held recently in New Delhi. The daylong conference highlighted that diversity of energy resources in South Asian countries brings the opportunity to provide affordable, low-carbon energy in the region. The business case for enhanced energy trading in the region, and challenges faced in inter-country electricity trading were important elements of this discussion.
India’s energy demand will more than double by 2040 – IEA
The world is witnessing a major shift in energy demand from advanced to developing economies, with demand growing fastest in India – according to the International Energy Agency’s (IEA’s) latest World Energy Overview.
Hitting 76% of its solar ambition would still be some achievement for India
Analysts are weighing into the debate over the MNRE’s big solar plans, but pointing out that even a partial victory would set the foundation for future solar triumphs.
The long read: Storing up the future
The global installation of photovoltaics is expected to reach the terawatt level within just five years, according to Bloomberg NEF. And with more than 99.1 GW of grid-connected solar installed in 2017, switching on to the importance of storage is key.
Gujarat will soon tender 250 MW solar+storage capacity
Saurabhbhai Patel, Minister of Energy, Government of Gujarat, has announced that the state will soon issue a 250 MW grid-connected solar tender linked with storage. He also said that Gujarat will add more than 5 GW of new PV capacity in the next three years.
PM Modi: 40% electricity generation from non-fossils by 2030, up to $80 billion for PV manufacturing
India’s Prime Minister kick started the first Assembly of the ISA, the second IORA Renewable Energy Ministerial Meeting, and the 2nd Global RE-Invest yesterday in Greater Noida. The agenda of the day? Universal access to solar energy at affordable rates; securing 40% of India’s electricity generation from non-fossil fuels by 2030, and allocating up to US$80 billion to boost domestic PV manufacturing.
