Indian renewable energy sector recorded $14.5 billion investment in FY2021-22
The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.
India’s race to 175 GW renewables slowed by performance of key States
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.
Ayana Renewable surpasses 1 GW (AC) of operational capacity
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.
Central Electronics Limited tenders 95 MW of solar sites in Maharashtra
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.
Power ministry allows bundling of renewable to replace thermal power under existing PPAs
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.
NITI Aayog launches geospatial energy map of India
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’s transition shows the way for Indian utilities and renewable energy companies
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.
Bullish clean energy stocks helped maintain healthy investment levels
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.
India hits 100 GW renewables milestone
Solar’s share in the installed 100 GW renewable energy capacity stands at around 44%, and wind’s 40% as per the data available with the Central Electricity Authority.
Electricity demand in India to grow at 6% in FY2022
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.
