The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.
A new report finds Andhra Pradesh, Madhya Pradesh, Maharashtra, Tamil Nadu, and Uttar Pradesh account for two-thirds of India’s 65 GW shortfall on 175 GW renewable energy target as of March 2022.
The Bengaluru-based renewable energy developer, with the total management and developmental portfolio of over 3 GW (AC) across India, aims to achieve a portfolio mix of 10 GW (AC) by 2025.
The successful contractor will install the arrays in blocks of 2-10 MW and will carry out all stages of installation, from site surveys through to 12 years’ operation and maintenance.
The gains from the bundling of cheaper renewable energy with high-cost thermal will be shared between the generator and distribution companies on a 50:50 basis.
The map attempts to identify and locate all primary and secondary sources of energy and their transportation/transmission networks to provide a comprehensive view of energy production and distribution in the country.
Orsted transitioned from a coal-intensive utility to a global renewable energy leader creating immense shareholder wealth. A new report looks at what strategic decisions led to this transition and learning for Indian companies to look forward to the future energy transition.
The latest renewables investment report produced by analyst BloombergNEF has noted backing for solar projects continued to rise in the first half as wind power investment fell back.
Ratings agency ICRA maintains a negative outlook for thermal power generation despite a rise in electricity demand. The thermal plant load factor will remain subdued at 57%. The gap between the average cost of supply and the average tariff for discoms is estimated at 70-75 paise per unit for FY2022.
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