Clean energy investment across 104 emerging markets fell sharply by $36 billion in year 2018 from the previous year, even as their coal burn surged approximately 500 terawatt hours to a record high of 6.9 thousand terawatt-hours. Though the decline in clean energy investments was driven largely by China, inflows to India and Brazil also slipped by $2.4 billion and $2.7 billion, respectively. India, however, emerged as the market with greatest renewables potential.
As of October 31, a cumulative renewable energy capacity of 83.38 GW was installed in the country, which included 31.69 GW from solar, 37.09 GW from wind, 9.95 GW from biomass and 4.65 GW from small hydro.
The recently proposed guidelines allow electricity cost reduction of only Rs 3.64/unit for commercial and industrial consumers, which is not even sufficient to recover the capital costs of setting up the solar infrastructure.
While 95.67 MW has already been installed on various railways buildings, 248.46 MW capacity—awarded by Railway Energy Management Company Limited—is under different stages of execution.
Dhaka has heeded complaints about Indian manufacturers allegedly dumping sub-standard PV products over the border and issued a requirement for modules, inverters, charge controllers and batteries to attain IEC electrical standards.
The Beijing-headquartered Asian Infrastructure Investment Bank—which recently approved a US$75 million loan to Tata Cleantech Capital—sees private-sector investment flowing into the nation’s solar and wind projects next month onwards.
November 28 is the last date for EPC installers to submit the rates for different capacities of grid-connected rooftop solar systems on government buildings.
The projects—to be developed in ‘Capex’ mode—are part of the coal producer’s planned solar capacity of around 3 GW to emerge as a net zero energy company. Bidding closes on November 25.
State energy minister Nilesh Cabral says householders will be offered the chance to reduce energy bills without any upfront cost by leasing roofspace to installers as part of plans to add 15 MW of solar capacity in Goa by March.
The Smart Energy Hub can operate in electrolysis mode to store renewable energy as hydrogen, or in fuel cell mode to produce electricity and heat from previously produced hydrogen or methane. Its developers are the French Alternative Energies and Atomic Energy Commission and start-up Sylfen.
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