India commits to net-zero by 2070
At COP26 Summit in Glasgow, prime minister Narendra Modi also announced India’s pledge to increase its non-fossil energy capacity to 500 GW by 2030. The nation would also increase renewable energy’s share in its overall energy generation mix to 50% by 2030.
Investors bet big on renewables while solar takes on coal
Foreign direct investment’s role in bringing in finance, superior technology and other resources is undoubtedly a critical one. The Indian government has tried to create a conducive environment for enabling flow of foreign investments into the solar energy sector in the country, but the norms need to be eased further to really push the industry to its maximum growth potential.
Tata Power consolidated PAT up 36% in September quarter
The integrated power producer’s revenue from operations increased 18% to INR 9,810 crore from INR 8,290 crore in the same period last fiscal year.
Innovative financing can help India achieve solar energy goals
Funding avenues available to solar developers range from green bonds and multilateral development bank loans to infrastructure investment trusts.
Module and shipping cost inflation could cost the world 50 GW of solar next year
The input costs of the two biggest contributors to solar plant development expense have gone through the roof since the world began to come out of Covid-19 lockdowns, to leave project developers with some difficult choices.
Tender launched for 50 GWh battery cell output with subsidy support
Global bids are invited to set up giga-scale advanced-chemistry battery cell manufacturing units in India under the government’s production-linked incentive scheme. To be eligible for the government subsidy, the bidder would have to commit to setting up a minimum of 5 GWh capacity. Bidding is open until December 31.
Jindal India Solar, Shirdi Sai, Reliance and Adani the lowest bidders in production-linked solar tender
The four companies will each have half of their planned 4 GW annual production of polysilicon-to-module output subsidized by public funds.
Most significant roadblocks to India’s solar energy goals
India needs to install an average of 25 GW solar capacity every year to reach its renewable energy target of ‘450 GW by 2030’ with over 60% (280 GW) from solar. The nation must build enough manufacturing capacity back home to be ready on the supply side to support the new installations.
International Solar Alliance launches programs on solar and battery waste management, green hydrogen
The International Solar Alliance (ISA), which aims to mobilize more than $1 trillion of solar power investment by 2030 in its member countries, expanded its scope of work by launching programs on solar panel and battery waste management and solar-powered hydrogen production in its fourth assembly held recently.
Turbocharging rural entrepreneurship through distributed renewable energy
A robust distributed renewable energy ecosystem with a strong domestic industry will help provide good-quality, reliable electricity to rural households and enterprises and thus turbocharge green entrepreneurship—paving the way for a self-reliant India.
