India’s largest private-sector thermal power producer—which ranked as the sixth largest solar player globally in 2019—will invest over 70% of its budgeted Capex for the energy vertical into clean energy and energy-efficient systems to fuel its transformation.
A study from Finland’s Lappeenranta University of Technology has predicted solar and other renewables can provide a global energy jobs revolution – just as four European operations revealed recent struggles.
The land required to meet India’s 2022 renewable energy target ranges from approximately 55,000 to 125,000 km2, or areas roughly the size of Himachal Pradesh or Chhattisgarh, respectively. This much land is likely to impact 6700–11,900 km2 of forest land and 24,100–55,700 km2 of agricultural land. The good news is that India’s already degraded lands have the potential of 1789 GW, which is more than ten times the 175 GW target.
Increased funding under the KUSUM Scheme to create further markets in farmland solar, viability gap funding to promote installation of grid-connected battery storage, and R&D support to zero-carbon technologies for cement and steel sectors would take India ahead on the green path—says the sustainability thinktank.
Ratings may be downgraded if there is a persistent delay in resolving the tariff related dispute or any adverse revision in the tariffs by the state regulator and/or continued delays in receipt of payments from DISCOMs.
Norwegian analyst Rystad Energy has predicted the stop on PV tenders in Karnataka will see Rajasthan become India’s leading solar state this year. The market research firm expects India to add only 10 GW new solar in 2020, however, and the same figure in 2021.
The annual global outlook report for solar published by IHS Markit notes there was no real uptick in the amount of new capacity added last year, compared with the returns seen in 2018. That is likely to kill any hope India has of overtaking the U.S. as the world’s second biggest solar market in 2020.
Bidders can pitch for up to 300 MW of generation capacity per project with the deadline for proposals on February 4. The eighth tranche of inter-state transmission system program capacity offered by the Solar Energy Corporation of India comes with a solar energy price ceiling of Rs2.78/kWh.
Net metering benefits are now allowed across categories, including commercial and industrial consumers. Further, under net metering mechanism, consumption limit of 300 units for the residential category has been removed. This will help consumers set off their entire consumption against their system’s self-generation, benefiting them greatly.
As Germany shuttered another of its nuclear power plants on New Year’s Day, Narendra Modi’s office was said to be considering a proposal which would make coal more competitive with renewables in India.
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