Cost of renewables are outshining fossil fuels: IRENA report

A new report by the International Renewable Energy Agency (IRENA) states that over the past 10 years, clean energy has not only started seriously competing with fossil fuels but has significantly undercut them when new electricity generation capacity is required.  According to IRENA, concentrating solar power (CSP), offshore wind and utility‑scale solar photovoltaics all joined onshore wind in […]

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Gujarat leads highest wind power generation capacity in India

In spite of the rising Covid-19 infections in India and challenges posed by lockdown and restrictions to curb the pandemic, Gujarat continues to be the favored destination for attracting wind power project developers.  The state witnessed the highest capacity wind power addition in the country in 2020-21. The cumulative generation capacity stands at 1,020.3MW from April 2020 to March […]

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Coal India to continue with fuel supply to power plants under import substitution in current fiscal

State-owned Coal India Limited (CIL) will continue with the supply of coal to the power plants under import substitution in the ongoing fiscal. The development assumes significance in the wake of the PSU earlier stating its drive for coal import substitution has gained tempo with consumers opting for about 90 million tonnes (MT) of indigenous coal in FY’21. “The […]

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Global coal demand fell by 4% in 2020: IEA

Global coal demand declined 4% in 2020, the biggest drop since World War II. The main driver of the decline was lower electricity demand due to Covid-19 restrictions and the resulting economic downturn, the International Energy Agency’s (IEA) annual Global Energy Review said.  Overall, declines in the power sector accounted for over 40% of lower […]

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Power demand rises in India; green energy generation takes severe hit

Electricity generation in October 2020 was higher than a year ago level but remained lower than that in the previous month. Catering to the higher power demand, electricity generation registered an on-year growth for the second consecutive month in October, said a report by CARE Ratings. Electricity generation was 3 per cent higher on-year during the […]

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Power consumption in India increases by 13.38% in October 2020

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India’s power consumption grew 13.38 per cent to 110.94 billion units (BU) in October this year, mainly driven by buoyancy in industrial and commercial activities, as per government data. Electricity consumption in the country was recorded at 97.84 BU in October 2019, showed the power ministry data. The power consumption had grown 11.45 per cent […]

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Doubts persist over Australia’s $5 billion bet on clean coal power projects

The Australian government has opened the door to using a A$5 billion fund designed to attract investment in northern Australia to develop clean-coal projects. Clean coal refers to a collection of technologies that mitigate the environmental impacts of coal-generated electricity, including carbon capture and sequestration. While there are a number of demonstration projects in place throughout […]

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