A new report by Ember finds that steel, cement, and aluminium industries can profitably integrate 20 GW of solar power to run their operations.
Non-vanilla technologies, such as wind-solar hybrids and battery energy storage, accounted for half of the utility-scale renewable energy capacity tendered in 2024.
India’s renewable energy sector symbolizes hope—for environmental sustainability, economic growth, and global leadership. However, poor execution could derail this vision. The renewable energy industry cannot afford to repeat mistakes seen in infrastructure, where overcommitting and underdelivering have compromised credibility and delayed progress.
The nation can potentially replace Southeast Asia countries as a top solar PV product exporter to the US, according to a joint report by IEEFA and JMK Research.
A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) recommends lower incremental green tariffs, dedicated infrastructure funds, green budgeting, scaling up distributed renewable energy and advancing grid modernisation and energy storage to cement Gujarat and Rajasthan’s leadership in renewable energy deployment.
India should invest in resource-rich, friendly nations for sourcing of critical minerals such lithium, cobalt and nickel. The nation should minimise its reliance on imports, especially from countries with a potential trade risk in the future.
Ongoing changes in global gas demand and supply structures due to geopolitical disturbances and resultant volatility have eroded any economic advantage provided by the fossil fuel.
Pradhan Mantri Surya Ghar Yojana has attracted 13 million registrations and 1.8 million applications in first six months of its launch, leading to about 1.8 GW of new residential rooftop solar installation.
Employment creation and skill development have been at the core of this budget. While there is a lot of emphasis on skill development, there needs to be an emphasis on how money is allocated for skilling and reselling of people for the clean energy sector.
Also, hot and humid days nearly doubled in the 12-month period till June 22, 2024 compared to the corresponding period in 2022-23, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA).
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