IEEFA

A new report by IEEFA says India’s power market design must evolve to transition faster to an ultra-low-cost renewable energy-based electricity system. 

India has surpassed 10 GW of overall renewables capacity installed for offtake through open access.  

If Solar Energy Corp. and NTPC can successfully execute tenders for standalone energy storage systems, it could drive investment, support domestic manufacturing, and facilitate the development of new business models, according to a newly released report.

A new report shows that renewable energy companies will continue to compete in upcoming auctions in India, undeterred by challenges such as rising materials costs and surging interest rates.

The investment needs to more than double to $30-$40 billion annually for India to reach the 2030 renewables target of 450 GW.

A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) tracks key trends at major companies across India’s power sector value chain. It finds the nation is poised to lead the clean energy wave, with investors committing in response to the bold policies that are enabling the transition.

A new report from IEEFA says green ammonia could help India significantly reduce its trillion-rupee fertilizer subsidy bill and cut dependence on liquefied natural gas (LNG) imports for fertilizer production. The report looks at leading green hydrogen to green ammonia projects worldwide and reviews the cost competitiveness of producing green ammonia using various electricity inputs – grid electricity, round-the-clock renewable power, and solar power plus batteries. It also looks at the policy interventions required for green hydrogen and ammonia projects.  

A new report by JMK Research and the Institute for Energy Economics and Financial Analysis (IEEFA) says India is likely to miss its ‘100GW by 2022’ solar target by about 27GW, mainly due to the underwhelming growth of rooftop solar. While utility-scale solar is on track to achieve nearly 97% of the 60GW installed capacity targeted by 2022, rooftop solar will be 25GW short of the 40GW mark.

A new report by IEEFA proposes enhancing India’s electric vehicle (EV) adoption strategy as an alternative to further promotion of blended fuel, given the land-use efficiency gap between renewable energy generation for EV charging and cultivation for ethanol blending in fuels. Matching the distance driven by electric vehicles (EVs) charged from one hectare of solar generation would require ethanol derived from up to 251 hectares of sugar cane or 187 hectares of maize, it estimated.

A new report by JMK Research and IEEFA says Indian solar manufacturers need to create a strong foundation for sustainable development overall by integrating raw materials and impetus to R&D in their plans, rather than focusing solely on output.