Green term-ahead trading records 151% growth
The Green (Renewable Energy) Term-Ahead Market traded 208 million units (MU) during October, representing a 151% growth month-on-month. Solar energy, at 173 MU, dominated the non-solar trade.
Gujarat’s transformation in electricity sector
A TERI paper details how the state’s inefficient electric utility transformed into one of India’s most high-performing electricity distribution companies. The study provides a learning opportunity to other sector stakeholders from India and overseas.
State-owned renewables funding body aims for Rs2406 crore income this year
The Indian Renewable Energy Development Agency provides loans for clean power and energy efficiency projects. Its gross income in the last fiscal year rose to INR2372 crore – around 17% growth over the previous year’s INR2022 crore.
The long read: ASEAN’s looming renewables revolution
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
Infosys turns carbon neutral
The Bengaluru-headquartered IT major has become carbon neutral for FY2020 across all emissions, 30 years ahead of the Paris Agreement’s 2050 timeline. The company reduced its energy consumption significantly with energy-efficiency measures, green buildings, renewable energy use, and carbon offset projects in the community to achieve this goal.
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.
Best Power Equipments bets on solar
The electronics manufacturer says it will switch focus to solar panels and lithium battery storage as it launches an inverter series for rooftop PV.
Towards a distributed solar energy future
A study by Auroville Consulting assesses the techno-commercial impact of generating solar power close to the point of consumption. The study was undertaken on ten feeders of a substation in the Erode district of Tamil Nadu. The results indicated that 100% solar energy penetration, in energy terms, is not only possible but a winning proposition, especially for the distribution companies.
Reliable electricity access and customer satisfaction key to DISCOM performance, says study
A joint study by Smart Power India, an arm of US-based impact investor Rockefeller Foundation, and government thinktank NITI Aayog, evaluates the status of electricity access in India across different states and benchmarks distribution utilities’ capacity to provide electricity access. It also offers recommendations to help DISCOMs realize their full potential.
It’s cheaper to build new solar than it is to operate coal plants
New analysis released by Lazard compares the levelized cost of energy for various generation technologies on a $/MWh basis and shows that renewables, specifically utility-scale solar and wind, are the economic frontrunners.
