India looking at $500 billion investment in renewable energy generation by 2028: IEEFA

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India is looking at a mammoth $500 billion worth of investment in creating renewable energy generation capacity with tendering of 500 Gigawatt (GW) by 2028 in addition to $250 billion investment in grid expansion and modernisation required for uptake of green energy capacity, according to the Institute of Energy Economics and Financial Analysis (IEEFA). The global think-tank […]

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Increase of cheaper coal in Southeast Asia foils global green push

Southeast Asian countries are turning to low-cost coal to satisfy their surging electricity demand as the West shies away from the fossil fuel under pressure from green-minded investors. Indonesia is on track for the third-largest coal-fired power capacity of new plants under development, behind China and India. Vietnam follows in fourth place, while the Philippines […]

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City gas distribution, fertiliser sector to drive gas demand: CRISIL report

Gas demand is expected to grow at 3.5% CAGR between fiscals 2018 and 2023 to 191-193 MMSCMD. The main push for incremental demand is expected to come from the fertiliser and city gas distribution (CGD) sectors, ratings agency CRISIL Research said in its latest report. The conversion of naphtha-based urea plants, commissioning of new capacities […]

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Why coal will continue to burn in India

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While petrol and diesel prices impact consumers directly, India is plagued by concerns around another fossil fuel, coal. However, coal helps meet around 45% of India’s energy needs. Power sector is the single major consumer of coal, and 79% of our electricity generation is accounted for by fossil fuels, primarily coal. The intermittent and unreliable […]

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Global investment in renewables shrink threatening expansion of clean energy, says IEA

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The International Energy Agency (IEA) sounded the alarm over a “worrying” pause in the shift to clean energy after global investment in renewables fell 7% last year and fossil fuel increased their share of energy supply investment for the first time since 2014. Global energy investment totalled $1.8 trillion in 2017, a 2% decline in real […]

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Global oil majors’ investments in renewables on the rise – Fitch

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Major oil companies’ investments in renewables businesses are likely to provide a useful hedge to secure positions in the fledgling alternative energy industry, rather than be a radical step to transition away from traditional businesses, Fitch Ratings said. So far these investments have been incremental, especially compared to the annual multi-billion dollar capital expenditure made […]

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Emerging Asian economies to drive increase in world energy use to 2040, says EIA

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World energy consumption is projected to increase by 28% by 2040, according to the International Energy Outlook 2017, released by the U.S. Energy Information Administration (EIA). Most of the world’s growth in energy demand is projected to take place in countries outside of the Organization for Economic Cooperation and Development (OECD). China and the other non-OECD […]

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