Renewables’ share in electricity generation must grow 55-fold for India to achieve net-zero emissions by 2050
A new report presents four alternative scenarios for India to achieve net-zero emissions, highlighting that the effort required would be very high for a scenario with 2030 as a peaking year for emissions and 2050 for net-zero.
India’s $122bn energy stimulus spending may benefit fossil fuels most
A report says India’s energy investment commitments over the last 14 months largely feature measures for power transmission and distribution that could benefit greenhouse-gas-producing fuels more than renewables.
Adani Green to acquire Canadian developer SkyPower Global’s 50 MW solar asset in India
The Indian developer has signed an agreement with the Canadian developer to acquire its 50 MW Telangana solar project at an enterprise value of around INR 317 crore.
The long read: Central Asia’s solar awakening
Uzbekistan is providing a model for solar development in Central Asia as it rolls out its first large-scale projects. With the support of multilateral financial institutions, the government is prioritizing its electrical infrastructure as it pursues economic development goals. And as Amjad Khashman reports, the engagement of developers from fossil-fuel- rich neighbors in its solar projects points to a bright, renewable future for the region.
Adani Green Energy raises US$ 1.35 billion in debt funding
The developer has secured the revolving fund from 12 international banks. It would use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.
GoodWe is the biggest rooftop solar inverter supplier in India
The Chinese manufacturer commanded a 17% share of the total 3268 MW of rooftop PV inverter shipments in India in the January-December 2020 period.
Could India establish itself as the global leader in energy storage?
In India, the lack of suitable fiscal incentives and relevant experience, combined with high upfront capital costs, has hindered the adoption of battery energy storage systems (BESS) in comparison to other developed countries. However, there is potential for the country to take the lead.
EV maker Euler Motors and energy service firm Smart Joules raise funding from ADB Ventures
Asian Development Bank’s new venture arm ADB Ventures, which invests in technology startups disrupting traditional sectors in the Asia Pacific, has made its first investments into the Indian startups Euler Motors and Smart Joules.
Hitachi ABB Power Grids wins INR 124-crore order
The company has bagged an order from an aluminium producer to strengthen the power infrastructure at its plant in Chhattisgarh.
Solar tariffs could rise about 20% due to customs duty
The installation cost is set to increase as a 40% customs duty on solar modules, and 25% on cells, comes into effect from next year.
