India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF). The government has set a target of increasing non-fossil power capacity to 500 gigawatts (GW) by 2030. It wants non-fossil fuel power sources to provide half […]
Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022 in India, said a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). This report comes even as the industry is going through one […]
Global energy investment is set to increase by 8% in 2022 to reach USD 2.4 trillion, with the anticipated rise coming mainly in clean energy, according to a new report by the International Energy Agency. Although encouraging, the growth investment is still far from enough to tackle the multiple dimensions of today’s energy crisis and […]
Investment in the renewable energy sector in India has increased more than 125 percent year-on-year to touch a record $14.5 billion in the financial year 2021-22 (FY22), said a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Acquisitions and bond issues by a host of companies, including RIL and Adani, constituted 75 […]
Power storage demand in India will expand at a rapid pace to stabilise the increasing variability on both the power supply side – from rising renewable generation – and the demand side, Fitch Ratings said in a new report. Investments in power storage will be crucial to stabilise India’s increasing power generation, as the country […]
Supply factors are likely to limit near-term growth opportunities for Indian renewable power generators stemming from the country’s current heat wave and high fossil-fuel prices, Fitch Ratings said adding that nonetheless, their medium-term prospects remain strong and are supported by government policies to diversify India’s energy base away from fossil fuels. Rising power demand as […]
New capacity for generating electricity from solar, wind and other renewables increased to a record level worldwide in 2021 and will grow further this year as governments increasingly seek to take advantage of renewables’ energy security and climate benefits, according to the International Energy Agency. The world added a record 295 gigawatts of new renewable […]
The world added a record 295 gigawatts (GW) of new renewable power capacity in 2021, overcoming supply chain challenges, construction delays and high raw material prices, said the International Energy Agency (IEA’s) latest Renewable Energy Market Update. Capacity additions in renewables electricity generation are expected to break another record this year, continuing last year’s trend […]
India added 15.5 gigawatts (GW) of new non-hydro renewable energy capacity in the 2021-22 fiscal year, compared to just 7.7 GW installed in the preceding fiscal period, according to the latest solar statistics from the CEEW Centre for Energy Finance (CEEW-CEF) market handbook. From solar, wind, biomass and other renewable energy sources, solar energy accounted […]
State owned NTPC is planning to raise Rs 2,000 crore from the sale of a stake in its renewable-energy subsidiary NTPC Green Energy (NGEL). The proceeds from the stake sale will be used to expand the state-run firm’s renewable energy capacity. Currently, NTPC has around 1,660 megawatts (MW) of renewable power generation capacity. Projects having […]
