A few policy tweaks would boost renewable energy investment, says IEEFA India
Removal of solar trade duties, discom reforms, and better central-state government coordination are prerequisites to increase renewable project development in the country.
Indian government leading by example in renewable energy adoption: IEEFA
Government incentives driving state-owned enterprises’ investment away from the soon-to-be stranded fossil fuel based assets are a way of further boosting investment in the renewable energy sector.
AIIB expects $100 million annual investment in India’s renewables sector
The Beijing-headquartered Asian Infrastructure Investment Bank—which recently approved a US$75 million loan to Tata Cleantech Capital—sees private-sector investment flowing into the nation’s solar and wind projects next month onwards.
IEEFA: India needs a multi-technology approach to renewables integration
In addition to accelerated deployment of battery based energy storage systems, the country needs to look at a combination of technologies to manage peak electricity demand whilst maintaining grid stability at least overall cost.
Gujarat may lead the renewables race by adding 4-5 GW annually: IEEFA
The state—which had 8.5 GW of renewables capacity (2 GW solar, 6 GW wind and 0.8 GW biomass) operational as of March—is expected to add a staggering 46 GW to reach 55 GW mark by 2029-30.
India presents a $500-700 billion opportunity in renewables: IEEFA
The ambitious renewable energy target of 523 GW by 2030, coupled with conducive government policies announced recently, will pave the way for increased renewable investment in the coming decade.
Rooftop solar needs greater push to reach 2022 target: IEEFA
Policy certainty and more financial subsidies would incentivise the market, as would support for domestic manufacturing and simplifying the net metering application process.
Tata Power exemplifying the Indian energy transition: IEEFA
The private-sector integrated power company will cease to build new coal-fired capacity. Instead, it eyes 70% of new capacity additions coming from solar, wind and hydro through to year 2025.
India will add 144 GW renewables by 2022, exceed 275 GW by 2027: IEEFA
Given the existing trajectory of wind, solar and other renewable sources, India will reach 144 GW renewable energy capacity by FY2021-22—not far from the aspirational 175 GW target set back in 2015. This places India on track for exceeding its 275 GW target in 2027.
India to open bids for $5bn of new transmission line capacity
In response to feedback from the domestic renewable energy sector, the Indian government has revealed plans to launch $5 billion of tenders for new transmission lines, starting in phases from this summer.
