India’s path away from climate disaster lies in the rapid growth of renewable power
The nation is already firmly positioned to lead the world in the clean energy revolution. Consolidating this position would unlock significant economic growth and competitiveness by attracting domestic and foreign investment, creating jobs, and improving public health.
IEX launches new contracts to enable renewable energy trade on the same day and up to 11 days ahead
The two newly introduced green contracts, daily and weekly, are in addition to already operational intra-day and day-ahead contingency contracts in the green market.
SECI tweaks 100 MW solar-plus-storage Chhattisgarh tender
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
India ranked the world’s most attractive solar PV market by Ernst & Young
The nation has earned the highest score of 62.7 in terms of attractiveness for solar PV investment and deployment in the latest ranking of top 40 countries by Ernst & Young.
WoodMac says renewable electricity generation in India could be 56% cheaper than coal-fired by 2030
The analyst said currently, India and Australia are the only Asia Pacific countries where renewable power already costs lower than new-build coal. It predicted the trend would spread to the entire region by the end of the decade, while India and Australia would see renewables becoming further cheaper than coal.
Prime Minister Narendra Modi to inaugurate RE-Invest 2020 tomorrow
The three-day event will connect the global investment community with Indian renewable energy stakeholders. It is expected to be attended by over 75 international ministerial delegations, over 1000 global industry leaders, and 50,000 delegates.
State-owned investors dump coal for solar and wind
Coal project finance in the year 2019 stood at just INR 1100 crore (US$190 million), compared to renewable energy lending aggregating to INR 22,971 crore (US$3220 million).
Rooftop solar addition increased 112% y-o-y in second quarter
India added rooftop solar capacity of 399 MW in the second quarter (July-Sept) of FY 2020-21, compared to 188 MW installed in the corresponding period last year.
NTPC tenders for solar EPC contractors and developers
The state-run power company has invited engineering, procurement and construction services contractors and developers to bid for its solar project contracts, excluding the supply of PV modules. Applications can be submitted until November 19.
KKR’s India platform will acquire operating renewables assets
Headquartered in Mumbai, Virescent Infrastructure owns 169 MWp of solar assets in Maharashtra and 148 MWp in Tamil Nadu.
