Tag: renewable energy in india

Taking a Hit: Indian renewables sector grapples with global supply disruptions and price uncertainties

Taking a Hit: Indian renewables sector grapples with global supply disruptions and price uncertainties

July 24, 2022 |

The global supply chain disruptions, which were triggered by the pande­mic, have now es­calated owing to the Ru­ssia-Ukraine conflict and threaten to derail the progress of the sector. The pri­ces of es­sential raw materials such as pol­ys­ilicon, st­eel, copper and aluminium have in­crea­sed due to the supply shortage. Will these disruptions slow down India’s energy transition? Or will these be short-term hiccups and the country’s renewable energy sector come out unaffected throu­gh this storm?

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India’s clean energy policy roadmap: Paper

India’s clean energy policy roadmap: Paper

July 20, 2022 | ,

Aligned with India’s target of achieving a net-zero carbon economy by 2070, the whitepaper charts illustrative paths towards phasing down carbon and suggests a strategic combination of renewables, gas, and storage for a most effective energy transition. The GE-EY whitepaper shares comprehensive insights on realizing India’s green energy potential and provides recommendations on possible policy initiatives essential for a future driven by sustainable industries.  

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NHPC, GEDCOL form a JV for 500 MW floating solar projects in Odisha

NHPC, GEDCOL form a JV for 500 MW floating solar projects in Odisha

January 6, 2022 |

Hydroelectric Power Corporation (NHPC) Limited has signed an agreement with Green Energy Development Corporation of Odisha Limited (GEDCOL) to form a joint venture (JV) for setting up 500 MW floating solar power projects in Odisha. The equity shareholding of NHPC and GEDCOL in the proposed JV will be in the proportion of 74:26.

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Indian government sanctions 23 new ISTS projects worth Rs 158.93 billion

Indian government sanctions 23 new ISTS projects worth Rs 158.93 billion

December 13, 2021 |

The Indian union minister of power and new and renewable energy has sanctioned new 23 Inter-State Transmission System (ISTS) projects with an estimated cost of Rs 158.93 billion. The new ISTS projects include 13 projects with an estimated cost of Rs 147.66 billion to be developed under tariff-based competitive bidding and 10 projects with an estimated cost of Rs 11.27 billion to be developed under a regulated tariff mechanism.

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India and Denmark to partner in offshore wind energy space

India and Denmark to partner in offshore wind energy space

December 3, 2021 |

The Government of India and the Government of Denmark have signed an MoU for new and renewable energy cooperation between Danish and Indian companies with the purpose of developing new and renewable energy technologies. Under this MoU, the Ministry of New and Renewable Energy and the Ministry of Energy, Utilities and Climate of the Kingdom of Denmark signed a strategic sector cooperation agreement in the field of renewable energy, with a focus on offshore wind energy.

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India’s Hindustan Salts plans 5 GW of solar projects

India’s Hindustan Salts plans 5 GW of solar projects

December 1, 2021 |

Sambhar Salts, a subsidiary of Hindustan Salts Limited (HSL), has issued a tender to create an ultra-mega solar project with a capacity of up to 4 GW in Sambhar, Rajasthan. The company has also expressed interest in developing a solar plant with a capacity of up to 1 GW at Kharaghoda, Gujarat.

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Understanding Round-the-Clock Tenders in India

Understanding Round-the-Clock Tenders in India

November 30, 2021 | ,

This report examines key tender conditions applicable to the RTC-1 and 2 tenders and briefly evaluates their impact on the relevant projects and stakeholders (discoms and developers), while also analysing the tenders’ alignment with the intrinsic demand-based approach of the RTC mode of power supply. Following this, it describes prospective methodologies available to RTC power developers for setting up the relevant projects.

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India, the UK discuss green energy collaboration

India, the UK discuss green energy collaboration

November 26, 2021 |

India’s Science and Technology Minister held an online discussion with the UK Science Minister, during which the two addressed green energy collaboration between the two countries among other issues. The India-UK Science and Technology relationship is rapidly expanding, with a combined research programme that has grown from absolutely nothing to close to £300-400 million.

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India’s VRET raises $289 million in long-term financing round

India’s VRET raises $289 million in long-term financing round

November 16, 2021 |

India-based Virescent Renewable Energy Trust (VRET) raised Rs 10 billion ($134.4 million) in non-convertible debentures (NCD) its debut issuance , which was split into three tranches of three, five, and seven years. This is the first time a renewable energy InvIT has issued securities in India. As per a company statement,  the funds will mostly be used to refinance existing debt and support future acquisitions.

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Mission 2070: A Green New Deal for a Net Zero India

Mission 2070: A Green New Deal for a Net Zero India

November 15, 2021 | ,

This white paper has been prepared by World Economic Forum in collaboration with Kearney and Observer Research Foundation. This paper builds the case for why India’s green transformation is an attractive, vital and mandatory component of its overall economic transformation. A Green New Deal for India will necessarily implicate the five sectors that contribute to almost all its GHG emissions: Energy, Mobility, Industry, Green Buildings and Agriculture.

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India Focus: Less Talk, More Action on Climate Change

India Focus: Less Talk, More Action on Climate Change

November 7, 2021 |

By definitely committing to 50% of India’s electricity generation from non-coal or gas sources by 2030 is nothing short of transformative. India is a leader in clean energy, especially solar and wind energy. India is on largely on track to meet its Paris Agreement targets, as discussed in recent analysis by NRDC and partners.

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India launches Green Day Ahead Market

India launches Green Day Ahead Market

October 30, 2021 |

India has launched a new market segment, Green Day Ahead Market (GDAM), which is expected to result in a progressive move away from power purchase agreement-based contracts towards market-based solutions, allowing India to fulfil its ambitious objective of 450 GW of renewable energy capacity by 2030. As the nodal agency, POSOCO’s National Load Despatch Centre (NLDC) has set up the latest technology and communication infrastructure to facilitate the GDAM.

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Implications of a Net-Zero Target for India’s Sectoral Energy Transitions and Climate Policy

Implications of a Net-Zero Target for India’s Sectoral Energy Transitions and Climate Policy

October 20, 2021 | ,

It explores four combinations of peaking and net-zero-year scenarios for India (2030–2050, 2030–2060, 2040–2070, and 2050–2080) and analyses how a combination of possible technological developments like carbon capture, utilisation and storage (CCUS) and hydrogen production would affect the transition within each of the policy scenarios.

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UK plans to invest $1.2 billion in India’s renewable energy projects

UK plans to invest $1.2 billion in India’s renewable energy projects

September 7, 2021 |

The UK government plans to invest $1.2 billion through public and private investments in India’s renewable energy sector. According to the official statement of the British High Commission, of the $1.2 billion proposed investments, $1 billion will come from CDC, the UK’s development finance institution. The funds will be invested during 2022-2026.

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Renewables Integration in India 2021

Renewables Integration in India 2021

September 3, 2021 | ,

The Government of India plans to increase renewable electricity capacity to 175 GW by 2022 and to 450 GW by 2030, but even faster growth will be needed in the following decades to meet ongoing growth in demand and reach climate targets. However, the challenges with integrating higher capacities of renewable energy include the increasing variability of hourly demand, increasing ramping requirements due to the impact of solar on net demand, short-term frequency variations, and local voltage issues.

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ENGIE to finance 200 MW solar plant in Gujarat

ENGIE to finance 200 MW solar plant in Gujarat

August 19, 2021 |

In Gujarat, ENGIE will commission a 200 MW solar power project at the Raghanesda Solar Power Park. ENGIE worked with many government agencies in Gujarat to build the project. The company won the project through a bidding procedure, and a power purchase agreement for 25 years was signed in August 2019 with Gujarat Urja Vikas Nigam Limited.

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India’s NTPC sets target for 60 GW of renewables by 2032

India’s NTPC sets target for 60 GW of renewables by 2032

June 28, 2021 |

NTPC Limited aims to set up 60 GW of renewable power generation capacity by the year 2032. This is in line with the power producer’s goal to reduce 10 per cent of its net energy intensity. NTPC has taken a significant step by becoming the first Indian company to announce energy compact goals as part of UN High-level Dialogue on Energy.

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